MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 20, Problem 1SQ
To determine
The problem in comparing the
Expert Solution & Answer
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Which GDP result (current or constant) is more appropriate for comparative purpose with other countries?
High-income countries
United States
Canada
Japan
France
Middle-income countries i
China
India
Libya
Low-income countries
Burundi
Haiti
Ethiopia
Average Growth Rate (2000-2018) of
GDP
Population.
1.7
1.9
0.7
1.1
9.5
6.8
-1.2
3.1
1.4
9.8
0.8
1.0
0.0
0.6
0.5
1.4
1.2
3.1
1.5
2.8
Per Capita GDP
0.9
0.9
0,7
0.5
9.0
5.4
-2.4
0.0
-0.1
7.0
Assuming the 2019 per capita GDP growth rate is equal to the average growth rate (2000-2018) provided in the table, estimate 2019
per capita GDP for each of the following countries:
Instructions: Round your responses to the nearest dollar.
a. Japan: $[
b. Haiti: S
In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being of a nation?
Chapter 20 Solutions
MACROECONOMICS FOR TODAY
Ch. 20.2 - Prob. 1GECh. 20.2 - Prob. 2GECh. 20 - Prob. 1SQPCh. 20 - Prob. 2SQPCh. 20 - Prob. 3SQPCh. 20 - Prob. 4SQPCh. 20 - Prob. 5SQPCh. 20 - Prob. 6SQPCh. 20 - Prob. 7SQPCh. 20 - Prob. 8SQP
Ch. 20 - Prob. 9SQPCh. 20 - Prob. 10SQPCh. 20 - Prob. 11SQPCh. 20 - Prob. 12SQPCh. 20 - Prob. 1SQCh. 20 - Prob. 2SQCh. 20 - Prob. 3SQCh. 20 - Prob. 4SQCh. 20 - Prob. 5SQCh. 20 - Prob. 6SQCh. 20 - Prob. 7SQCh. 20 - Prob. 8SQCh. 20 - Prob. 9SQCh. 20 - Prob. 10SQCh. 20 - Prob. 11SQCh. 20 - Prob. 12SQCh. 20 - Prob. 13SQCh. 20 - Prob. 14SQCh. 20 - Prob. 15SQCh. 20 - Prob. 16SQCh. 20 - Prob. 17SQCh. 20 - Prob. 18SQCh. 20 - Prob. 19SQCh. 20 - Prob. 20SQ
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