Question

1. what do economists call the total value of a countrys goods and services produced in a year, divided by its total population?

per capita gross domestic product
quaternary economic activities
commercial industrial output
trade balance

Explanation:

Analyze the question prompt

The question asks for the economic term describing the total value of a country's goods and services produced in a year, divided by its total population.

Define the core economic concepts

In Human Geography, we measure development using economic indicators.
The total value of goods and services produced within a country in a year is the Gross Domestic Product (GDP).
Dividing this total value by the country's population yields the "per capita" (per person) value.

Evaluate the given options

• per capita gross domestic product: This matches the definition of total GDP divided by total population.
• quaternary economic activities: This refers to knowledge-based services like research and information technology.
• commercial industrial output: This refers to the production volume of commercial manufacturing industries.
• trade balance: This is the difference between the value of a country's exports and imports.

Select the correct option

The term that perfectly matches the mathematical division of total annual production by population is "per capita gross domestic product".

Answer:

• per capita gross domestic product (Correct answer)
• quaternary economic activities
• commercial industrial output
• trade balance