The data in the table below are for the country of Eturia. Nominal GDP ($billions) Real GDP ($billions) Population (millions) a. GDP deflator b. Real GDP per capita c. Growth rate of real GDP per capita 2018 2019 2020 400 436 480 380 405 427 15 15.6 16 $ $ % a. Calculate the GDP deflator for years 2018, 2019, and 2020 and enter the values in the table above. Enter your responses rounded to one decimal place. b. Calculate real GDP per capita for the three years and enter the values in the table above. Enter your responses rounded to the nearest dollar. c. Calculate the growth rate of real GDP per capita for years 2019 and 2020 and enter the values in the table above. Enter your responses rounded to one decimal place.
The data in the table below are for the country of Eturia. Nominal GDP ($billions) Real GDP ($billions) Population (millions) a. GDP deflator b. Real GDP per capita c. Growth rate of real GDP per capita 2018 2019 2020 400 436 480 380 405 427 15 15.6 16 $ $ % a. Calculate the GDP deflator for years 2018, 2019, and 2020 and enter the values in the table above. Enter your responses rounded to one decimal place. b. Calculate real GDP per capita for the three years and enter the values in the table above. Enter your responses rounded to the nearest dollar. c. Calculate the growth rate of real GDP per capita for years 2019 and 2020 and enter the values in the table above. Enter your responses rounded to one decimal place.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
am. 136.
Transcribed Image Text:The data in the table below are for the country of Eturia.
Nominal GDP ($billions)
Real GDP ($billions)
Population (millions)
a. GDP deflator
b. Real GDP per capita
c. Growth rate of real GDP per capita
2018
2019
2020
400
436
480
380
405
427
15
15.6
16
$
$
%
a. Calculate the GDP deflator for years 2018, 2019, and 2020 and enter the values in the table above. Enter your responses rounded to
one decimal place.
b. Calculate real GDP per capita for the three years and enter the values in the table above. Enter your responses rounded to the
nearest dollar.
c. Calculate the growth rate of real GDP per capita for years 2019 and 2020 and enter the values in the table above. Enter your
responses rounded to one decimal place.
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