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31 July, 17:58

How much more output will the average American (U. S. population = 320 million) make a year from now if the $22 trillion GDP grows by 3.5 percent?

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  1. 31 July, 18:07
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    Answer: $2406.25

    Explanation:

    United States population = 320million

    Gross Domestic Product (GDP) = 22 trillion

    Gross Domestic Product growth = 3.5%

    Increase in Gross Domestic product = (0.035 * 22 trillion) = 0.77 trillion increase in output when GDP grows by 3.5%

    The average per capita income will the be:

    (0.77 trillion : 320 million) =

    (770000000000 : 320000000)

    = $2406.25

    The average American will make $2406.25 more.
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