3) Consider the table below containing data for Germany and Japan on the ratio of employment to population in 1980 and 2010. 1980 2010 Germany Japan 0.33 0.52 0.48 0.49 Using data on real GDP per person from table below, find average labor productivity for each country in 1980 and 2010. How much of the increase in output per person in each country over the 1980 to 2010 period is due to increased labor productivity? To increased employment relative to population? Country 1870 1913 1950 1980 1990 2010 Annual % change 1870-2010 Annual % change 1950-2010 Annual % change 1980-2010 United States 2,445 5,301 9,561 18,577 23,201 30,491 United Kingdom 3,190 4,921 6,939 12,931 16,430 23,777 Germany 1,839 3,648 3,881 14,114 15,929 20,661 1.8 2.0 1.7 1.4 2.1 2.1 1.7 2.8 1.3 Japan China 737 1,387 1,921 13,428 18,789 530 552 21,935 2.5 4.1 1.6 448 1,061 1,871 8,032 2.0 4.9 7.0 Brazil 713 811 1,672 5,195 4,920 6,879 1.6 2.4 0.9 India 533 673 619 938 1,309 3,372 1.3 2.9 4.4 Ghana 439 781 1,122 1,157 1,062 1,922 1.1 0.9 1.7

3) Consider the table below containing data for Germany and Japan on the ratio of employment to population in 1980 and 2010. 1980 2010 Germany Japan 0.33 0.52 0.48 0.49 Using data on real GDP per person from table below, find average labor productivity for each country in 1980 and 2010. How much of the increase in output per person in each country over the 1980 to 2010 period is due to increased labor productivity? To increased employment relative to population? Country 1870 1913 1950 1980 1990 2010 Annual % change 1870-2010 Annual % change 1950-2010 Annual % change 1980-2010 United States 2,445 5,301 9,561 18,577 23,201 30,491 United Kingdom 3,190 4,921 6,939 12,931 16,430 23,777 Germany 1,839 3,648 3,881 14,114 15,929 20,661 1.8 2.0 1.7 1.4 2.1 2.1 1.7 2.8 1.3 Japan China 737 1,387 1,921 13,428 18,789 530 552 21,935 2.5 4.1 1.6 448 1,061 1,871 8,032 2.0 4.9 7.0 Brazil 713 811 1,672 5,195 4,920 6,879 1.6 2.4 0.9 India 533 673 619 938 1,309 3,372 1.3 2.9 4.4 Ghana 439 781 1,122 1,157 1,062 1,922 1.1 0.9 1.7

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

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The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries were able to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?
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