Real Gross Domestic Product Per Capita Calculator

✖Real Gross Domestic Product is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation).ⓘ Real Gross Domestic Product [RG]			+10% -10%
✖Total Population refers to the total market size existing in the economy.ⓘ Total Population [TP]			+10% -10%

✖Real Gross Domestic Product Per Capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation.ⓘ Real Gross Domestic Product Per Capita [RGDPPC]

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Formula

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Real Gross Domestic Product Per Capita

Formula

`"RGDPPC" = "RG"/"TP"`

Example

`"0.5"="50000"/"100000"`

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Real Gross Domestic Product Per Capita Solution

STEP 0: Pre-Calculation Summary

Formula Used

Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population
RGDPPC = RG/TP
This formula uses 3 Variables

Variables Used

Real Gross Domestic Product Per Capita - Real Gross Domestic Product Per Capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation.
Real Gross Domestic Product - Real Gross Domestic Product is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation).
Total Population - Total Population refers to the total market size existing in the economy.

STEP 1: Convert Input(s) to Base Unit

Real Gross Domestic Product: 50000 --> No Conversion Required
Total Population: 100000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

RGDPPC = RG/TP --> 50000/100000

Evaluating ... ...

RGDPPC = 0.5

STEP 3: Convert Result to Output's Unit

0.5 --> No Conversion Required

FINAL ANSWER

0.5 <-- Real Gross Domestic Product Per Capita

(Calculation completed in 00.004 seconds)

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Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 100+ more calculators!

Verified by Vishnu K

BMS College of Engineering (BMSCE), Bangalore

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< 20 Macroeconomics Calculators

Operating Surplus

Go Operating Surplus = Value of Output-Intermediate Consumption-Compensation of Employees-Mixed Income-Consumption of Fixed Capital-Net Indirect Taxes

Components of Aggregate Demand

Go Components of Aggregate Demand = Private Consumption Expenditure+Investment Expenditure+Government Expenditure+Net Exports

Real Effective Exchange Rate

Go Real Effective Exchange Rate = (Consumer Price Index of Domestic Nation*Nominal Effective Exchange Rate)/Consumer Price Index of Foreign Country

Net Factor Income from Abroad

Go Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings

National Disposable Income

Go National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World

Gross Domestic Product at Factor Cost

Go Gross Domestic Product at Factor Cost = Gross Domestic Product at Market Price+Subsidies-Indirect Taxes

Change in Money Supply

Go Change in Money Supply = (1/Required Reserve Ratio)*Change in Bank Reserves-(Initial Deposit Amount)

Personal Disposable Income

Go Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government

Life Expectancy

Go Life Expectancy = Current Age of the Individual+Average Life Expectancy-Adjustment Factor

Private Final Consumption Expenditure

Go Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE

Gross National Product at Market Price

Go Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad

Net Domestic Product at Factor Cost

Go Net Domestic Product at Factor Cost = Net Domestic Product at Market Price-Net Indirect Taxes

Net Domestic Product at Market Price

Go Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation

Growth Rate of Money Supply

Go Growth Rate of Money Supply = Rate of Inflation+Growth Rate of Real Gross Domestic Product

Real Gross Domestic Product Per Capita

Go Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population

Expenditure Multiplier

Go Expenditure Multiplier = Initial Consumer Price Index/Change in Government Spending

Gross National Disposable Income

Go Gross National Disposable Income = Net National Disposable Income+Depreciation

Velocity of Money

Go Velocity of Money = Nominal Gross Domestic Product/Money Supply

Real Wage

Go Real Wage = Nominal Wage/Consumer Price Index

Simple Deposit Multiplier

Go Simple Deposit Multiplier = 1/Required Reserve Ratio

Real Gross Domestic Product Per Capita Formula

Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population
RGDPPC = RG/TP

What do you mean by Real Gross Domestic Product ?

Real Gross Domestic Product refers to the GDP which gets unaffected with the effect of price changes. Inflation makes regular, nominal GDP higher, so real GDP is a more accurate measurement when one wants to compare an economy over time.
The term per capita means per person. Real GDP is divided by the population of a country to calculate real GDP per capita. It's the best way to compare economic indicators such as GDP for countries with very different population sizes. It helps in the measurement of standard of living over a period of time.

How to Calculate Real Gross Domestic Product Per Capita?

Real Gross Domestic Product Per Capita calculator uses Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population to calculate the Real Gross Domestic Product Per Capita, Real Gross Domestic Product Per Capita is defined as a core indicator of economic performance and commonly used as a broad measure of average living standards over a period of time. It is measured as total accounted output of a country divided by population size excluding inflation. Real Gross Domestic Product Per Capita is denoted by RGDPPC symbol.

How to calculate Real Gross Domestic Product Per Capita using this online calculator? To use this online calculator for Real Gross Domestic Product Per Capita, enter Real Gross Domestic Product (RG) & Total Population (TP) and hit the calculate button. Here is how the Real Gross Domestic Product Per Capita calculation can be explained with given input values -> 0.5 = 50000/100000.

FAQ

What is Real Gross Domestic Product Per Capita?

Real Gross Domestic Product Per Capita is defined as a core indicator of economic performance and commonly used as a broad measure of average living standards over a period of time. It is measured as total accounted output of a country divided by population size excluding inflation and is represented as RGDPPC = RG/TP or Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population. Real Gross Domestic Product is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation) & Total Population refers to the total market size existing in the economy.

How to calculate Real Gross Domestic Product Per Capita?

Real Gross Domestic Product Per Capita is defined as a core indicator of economic performance and commonly used as a broad measure of average living standards over a period of time. It is measured as total accounted output of a country divided by population size excluding inflation is calculated using Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population. To calculate Real Gross Domestic Product Per Capita, you need Real Gross Domestic Product (RG) & Total Population (TP). With our tool, you need to enter the respective value for Real Gross Domestic Product & Total Population and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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