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.
