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Use the data from the following table to calculate the GDP per capita of each country. The GDP per capita for Estonido and for Galicia in 2018 is
Country Year GDP (billions in U. S. $) Population (millions)
Estonido 2017 525.5 73
Galicia 1,658.00 118.25
Estonido 2018 721.75 78
Galicia 1,724.30 121.8
a. $925 for Estonido and $1,412 for Galicia in 2017.
b. $9,253 for Estonido and $14,157 for Galicia in 2017.
c. $7,199 for Estonido and $14,021 for Galicia in 2017.
When calculating GDP as the sum total of all spending, which of the following should be included?
1. government purchases of labor, goods, and services.
2. government transfer payments.
3. savings.
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