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Using the data in the table below related to nominal GDP, real GDP, and total population, answer the questions for the time period 2010-2019: Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Nominal GDP (in Millions) $9,817,000 10,128,000 10,469,000 10,960,000 11,685,000 12,422,000 13,178,000 13,808,000 14,291,000 13,939,000 14,524,000 15,518,000 16,163,000 16,768,000 17,393,000 18,037,000 18,954,000 19,543,000 20,612,000 21,433,000 Real GDP (in Millions) (2012 Base Year) % $13,131,000 13,262,000 13,493,000 13,879,000 14,406,000 14,913,000 15,338,000 15,626,000 15,605,000 15,209,000 15,599,000 15,841,000 16,197,000 16,495,000 % 16,912,000 17,432,000 17,731,000 18,144,000 18,688,000 19,092,000 Population (in Millions) Instructions: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: Nominal GDP per capita = $ Real GDP per capita = $ For 2019: 282.4 285.5 288.6 291.0 293.7 296.6 299.8 302.0 304.9 307.0 309.4 311.7 314.0 316.2 318.6 320.9 323.1 325.1 327.1 329.1 Nominal GDP per capita = $ Real GDP per capita = $ b. By what percentage did nominal per capita GDP increase? c. By what percentage did real GDP per capita increase?

Using the data in the table below related to nominal GDP, real GDP, and total population, answer the questions for the time period 2010-2019: Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Nominal GDP (in Millions) $9,817,000 10,128,000 10,469,000 10,960,000 11,685,000 12,422,000 13,178,000 13,808,000 14,291,000 13,939,000 14,524,000 15,518,000 16,163,000 16,768,000 17,393,000 18,037,000 18,954,000 19,543,000 20,612,000 21,433,000 Real GDP (in Millions) (2012 Base Year) % $13,131,000 13,262,000 13,493,000 13,879,000 14,406,000 14,913,000 15,338,000 15,626,000 15,605,000 15,209,000 15,599,000 15,841,000 16,197,000 16,495,000 % 16,912,000 17,432,000 17,731,000 18,144,000 18,688,000 19,092,000 Population (in Millions) Instructions: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: Nominal GDP per capita = $ Real GDP per capita = $ For 2019: 282.4 285.5 288.6 291.0 293.7 296.6 299.8 302.0 304.9 307.0 309.4 311.7 314.0 316.2 318.6 320.9 323.1 325.1 327.1 329.1 Nominal GDP per capita = $ Real GDP per capita = $ b. By what percentage did nominal per capita GDP increase? c. By what percentage did real GDP per capita increase?

Survey Of Economics
Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 4SQ
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Using the data in the table below related to nominal GDP, real GDP, and total population, answer the questions for the time period 2010-2019: Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Nominal GDP (in Millions) $9,817,000 10,128,000 10,469,000 10,960,000 11,685,000 12,422,000 13,178,000 13,808,000 14,291,000 13,939,000 14,524,000 15,518,000 16,163,000 16,768,000 17,393,000 18,037,000 18,954,000 19,543,000 20,612,000 21,433,000 For 2019: Nominal GDP per capita = $ Real GDP per capita = $ Real GDP (in Millions) (2012 Base Year) % $13,131,000 13,262,000 13,493,000 13,879,000 14,406,000 14,913,000 15,338,000 15,626,000 15,605,000 Instructions: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: 15,209,000 15,599,000 15,841,000 16,197,000 16,495,000 16,912,000 17,432,000 17,731,000 18,144,000 18,688,000 19,092,000 % Population (in Millions) 282.4 285.5 288.6 291.0 293.7 296.6 299.8 302.0 304.9 307.0 309.4 311.7 314.0 316.2 318.6 320.9 323.1 325.1 327.1 329.1 Nominal GDP per capita = $ Real GDP per capita = $ b. By what percentage did nominal per capita GDP increase? c. By what percentage did real GDP per capita increase?
Transcribed Image Text:Using the data in the table below related to nominal GDP, real GDP, and total population, answer the questions for the time period 2010-2019: Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Nominal GDP (in Millions) $9,817,000 10,128,000 10,469,000 10,960,000 11,685,000 12,422,000 13,178,000 13,808,000 14,291,000 13,939,000 14,524,000 15,518,000 16,163,000 16,768,000 17,393,000 18,037,000 18,954,000 19,543,000 20,612,000 21,433,000 For 2019: Nominal GDP per capita = $ Real GDP per capita = $ Real GDP (in Millions) (2012 Base Year) % $13,131,000 13,262,000 13,493,000 13,879,000 14,406,000 14,913,000 15,338,000 15,626,000 15,605,000 Instructions: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: 15,209,000 15,599,000 15,841,000 16,197,000 16,495,000 16,912,000 17,432,000 17,731,000 18,144,000 18,688,000 19,092,000 % Population (in Millions) 282.4 285.5 288.6 291.0 293.7 296.6 299.8 302.0 304.9 307.0 309.4 311.7 314.0 316.2 318.6 320.9 323.1 325.1 327.1 329.1 Nominal GDP per capita = $ Real GDP per capita = $ b. By what percentage did nominal per capita GDP increase? c. By what percentage did real GDP per capita increase?
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