In 1988 the value of RGDP was $9,000.38 billion and the population was 298.32 million. What was the value of real GDP per capita? Round to the nearest whole number. Do not enter a dollar sign.

In the year 2015: • real GDP was $19,281 billion • population was 303.04 million • the level of employment was 156,584 (measured in thousands). Round answer to the nearest whole number. Real GDP per capita was equal to how much? Do not enter a dollar sign.

Given the statistics in the table below, which of the following statements is true? Bangaladesh GDP per person (2010 constant U.S. dollars) $1002.39 $1062.04 $1127.27 $1203.22 Year 2015 2016 2017 2018 Kenya GDP per person (2010 constant U.S. dollars) $1093.13 $1129.71 $1157.05 $1202.13 From 2015 to 2018, Kenya's standard of living always exceeded Bangladesh's standard of living. By the year 2018, Bangladesh had caught up with Kenya in terms of standard of living. From 2015 to 2018, Kenya's economic growth always exceeded Bangladesh's economic growth. From 2015 to 2018, Kenya's economic growth rate was always negative.

GDP does not take into account the underground economy, and offers measures of government production that are typically not based on market values True False

Which of these products is added to 2023 U.S. GDP? A 2023 Ford F150 bought by a TSU student in Houston in 2023. Pickles bought by McDonalds to put on their Big Macs in 2023. An off-lease computer bought on eBay in 2023. A foreign-made TV bought in Houston in 2023.

If we want to enhance our measure of national economic well being beyond what GDP figures tell us, what other behaviors should be report on.

Explain why GDP per capita comparisons among nations are not a perfect measure of differences in economic well-being.

Economists can do a reasonably good job of calculating GDP, GDP per capita, NDP, etc. Do you agree? Discuss some non economic sources of well being-including the quality of life, and intangible measures of life satisfaction. Are you expecting to be better off than your parents are?

Suppose a country a real GDP of $159. What will the size of the GDP be after 14 years if the economy grows by 4.8% each year? Round your answer to two digits after the decimal without the dollar sign.

Country C had made foreign investment in countries A and B. Country C had not received any investment from foreign countries. Assuming no person worked outside his/her own country, answer if C’s GDP was higher than, lower than, or equal to C’s GNP.