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AQA GCSE · Question 19.1 · How the economy works
Table 3 shows information relating to the UK economy:
Table 3
Value GDP (in £s) for 2019 2215 billion Population for 2019 66.3 million
Using Table 3, calculate GDP per capita for the UK in 2019 to the nearest £.
Show your working.
Table 3 shows information relating to the UK economy:
Table 3
| Value | |
|---|---|
| GDP (in £s) for 2019 | 2215 billion |
| Population for 2019 | 66.3 million |
Using Table 3, calculate GDP per capita for the UK in 2019 to the nearest £.
Show your working.
How to approach this question
1. Write down the formula for GDP per capita (Total GDP / Population). 2. Convert the GDP and population figures into standard numbers (i.e., with all the zeros). 3. Divide the total GDP by the population. 4. Round the result to the nearest whole number (nearest £).
Full Answer
To calculate GDP per capita, you divide the total GDP by the population.
Total GDP = £2,215 billion = £2,215,000,000,000
Population = 66.3 million = 66,300,000
GDP per capita = £2,215,000,000,000 / 66,300,000
GDP per capita = £33,408.748...
Rounding to the nearest pound (£) gives £33,409.
Common mistakes
Errors with the units (billion and million). Forgetting to divide, or dividing the wrong way round. Not rounding correctly.
Practice the full AQA GCSE Economics Paper 2
29 questions · hints · full answers · grading
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