ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Using the table below, calculate the GDP per capita for Country C. Round your answer to the nearest dollar. GDP per capita GDP Population GDP per capita Country (in billions of U.S. dollars) (in millions) (in U.S. dollars) A $1,300 320 ? B $1,790 585 ? C $3,610 1,050 ? D $36,300 1,060 ? Provide your answer below: GDP per capita = $arrow_forwardNeed help with these, New Zealand vs Australia is the main context for this question as your answeringarrow_forwardHow do economists use GDP Per Capita data? standard of livingtotal dollar value of all final goods and servicesnet exportsnational incomearrow_forward
- Confused on how to answerarrow_forwardThe following table shows real GDP per capita for the United States, South Korea, and Chad between 1970 and 2000. All figures are in 1998 U.S. dollars. (image inserted) The (decade-long) economic growth rate for the United States is shown in the second column. For example, from 1970 to 1980, the United States GDP grew from $18,395 to $22,666, an increase of ($22,666−$18,395)/($18,395)=23%. Use this method to fill in the growth rates for South Korea and Chad in the previous table. Enter the growth rates to the nearest whole percentage point. Compare the data for the United States and South Korea between 1970 and 1980. During this period, (South Korea OR The United States) had a higher level of real GDP per capita, while (South Korea OR The United States) experienced a higher growth rate in real GDP per capita. Convergence theory predicts that poor countries will grow more quickly than rich countries. Which one of the following is a reason for this? Rich…arrow_forwardPlease see photos for tables and questions to be answered !arrow_forward
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