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India has a GDP of 23,000 billion Indian rupees, and a population of 1.1 billion. The exchange rate is 50 rupees per U.S. dollar. Calculate the GDP per capita of India as measured in U.S. dollars.

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Answer:

$418

Explanation:

Given that

GDP = 23000 billion rupes

Population = 1.1 billion

Exchange rate = 50 rupes to 1 dollar

Recall that

GDP per capita = GDP ÷ population

Converting the rupes to dollars

If 1 dollar = 50 rupes

And X dollar = 23000 billion rupes

Thus

x = 23000 ÷ 50

= $460 billion

GDP per capital = 460 ÷ 1.1

= $418.18

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