We measure standards of living using GDP per capita.  Using the production function, which of the following factors does NOT help to explain differences in GDP per capita  between countries: a) human capital per worker b) productivity c) inflation rates d) physical capital per worker

In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being of a nation?

What is GDP per capita and why is it useful in measuring differences in living standards between different countries?

Three Irish sisters are thinking about emigrating in 1870. The options are going to the United States or Argentina, or staying in Ireland. They cannot agree where to go and split up. One stays in Ireland, one emigrates to the United States and one to Argentina. The following table provides information on real GDP per capita in 1870, 1913, and 1929 in Ireland, the United States and Argentina expressed in U.S. dollars of 1990, which we will use to analyze how each did.   Real GDP per capita   1870 1913 1929 Ireland 1,775 2,736 2,824 United States 2,445 5,301 6,899 Argentina 1,311 3,797 4,367 (d) Suppose by 1913 each of the sisters has a daughter who is thinking about emigrating. The daughters forecast income in 1929 using the average growth rate observed between 1870 and 1913. Find the forecasted 1929 real GDP per capita level for each country.

Confused on how to answer

just c and d please thank you. question c needs two graphs (says figures). gdp per capita for all countries is in second image. 1970 to 2019 is 50 years

The table below lists GDP and GDP growth rates for the countries of Cortania, Microtania, and Boxtown. Fill in the final column, which asks for the GDP in each country 13 years later. Country GDP in $ billions GDP annual growth rate (%) Cortania Microtania Boxtown 10600.00 44000.00 48100.00 3 2 4.5 Gl

Based on the GDP information in the table below for 2 countries:   Country A Country B GDP per capita in 2020 $30,000 $25,000 GDP per capita in 2021 $32,000 $30,000   Group of answer choices Countries A and B have improved their standard of living in 2021, but A’s living standards have lowered compared to B. Country A has improved their standard of living in 2021 more than country B. Countries A and B have improved their standard of living in 2021 but A has higher standards of living than B. Country B has a higher GDP in 2021 than country A.

Consider the following data for country A: Population (millions) Real GDP Country ($ billions) 50 A Calculate per capita real GDP (Enter your response rounded to the nearest integer.) Suppose that during the next 10 years, real GDP triples and population doubles in country A. What will per capita real GDP after 10 years have passed? (Enter your response rounded to the nearest integer.) $.

AM. 254.