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Chapter 9: Q. 4 (page 210)

Consider the following data. What is the per capita real GDP in each of these countries?

Short Answer

Expert verified

The per capita real GDP is,

Step by step solution

01

Real GDP.

The population and real GDP of 3 nations can be seen in the table below.

02

Calculated data.

Using the formula, estimate the per capita real GDP of the countries listed.

RealGDPpercapita=RealGDPPopulation

Calculated data should be tabulated.

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Most popular questions from this chapter

In 2018, a nation's population was 10million, its real GDP was role="math" localid="1651518280695" \(1.21billion, and its GDP deflator had a value of 121. By 2019, its population had increased torole="math" localid="1651518397677" 12million, its real GDP had risen to \)1.5billion, and its GDP deflator had a value ofrole="math" localid="1651518422407" 125 . What was the percentage change in per capita real GDP between2018 and 2019 ?

Consider Figure 9-7, and suppose that we round the rate of growth of per capita real GDP experienced in the European Union between 2001 and 2017 to the nearest full percentage point. Based on the information in Table 9-3, by what percentage will per capita real GDP increase over the next 30 years if the economic growth rate remains at this rounded level?

Evaluate whether the U.S. economy has entered a period of stagnant economic growth.

Based on data in Table 9-1and in Table 9-3, if China's per capita real GDP continues to grow at the average rate it has experienced since 1990, will its per capita real GDP be twice as high as it is today within a decade? Explain your reasoning.

Since the early 1990s, the average rate of growth of per capita real GDP in Mozambique has been 3percent per year, as compared with a growth rate of 8percent in China. Refer to Table 9-3. If a typical resident of each of these nations begins this year with a per capita real GDP of $3,000per year, about how many more dollars' worth of real GDP per capita would the person in China be earning 10years from now than the individual in Mozambique?
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