Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Question
Chapter 3, Problem 5E
(a)
To determine
Derive the per capita GDP curve on ratio scale.
(b)
To determine
Derive the per capita GDP curve on ratio scale.
(c)
To determine
Derive the per capita GDP curve on ratio scale.
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Students have asked these similar questions
India’s GDP per capita increased from $310 in 1991 to $1,489 in 2012.
(i) Calculate the average annual rate of growth of the Indian economy during this period using the arithmetic average.
(ii) Calculate the geometric average annual growth rate of India during this period. Explain why the number you find in (ii) differs from the result obtained in (i).
The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter plots) and the
trajectories since 1760 for a few representative countries (the paths). Based on this information, which of the
following statements is correct?
40,000
US (1800-1990)
35,000-
Switzerland
30,000 -
(1990)
UK (1760-1990)
1953
25,000 -
Japan (1870-1990)
1973....A
20,000 -
Taiwan (1901-1990).
15,000 -
1910
10,000 -
1910
5,000 -
.1760 1800
ʻIndia (1860-1990)
0-
10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000
Capital per worker (1985 PPP $)
Select one:
а.
There is no clear evidence of technological progress in GDP per worker in the US.
b. Taiwan was more capital intensive than the UK in 1990.
O c.
The average product of capital (Y/K) has been higher in Japan than in the UK over the years shown.
d. Switzerland has been the most successful country in attaining a high GDP per worker for a given amount of
capital per worker.
GDP per worker (1985 PPP $)
The table below shows the annual population and nominal total GDP for New
Zealand. Based on the data, which of the following options are correct?
Select one correct answer.
4
Year
2015
2016
New Zealand Key Figures
GDP (Current US $)
$
178,064,471,137.92
$
188,838,342,527.98
Population
4,609,400
4,714,100
O GDP per capita in 2016 was $40,058.20
GDP per capita fell by 3.70% in 2016 compared to the previous year
O New Zealand's population and GDP both rose such that the overall GDP per capita
growth rate was zero
O GDP per capita rose by 3.56% in 2016 compared to the previous year
Chapter 3 Solutions
Macroeconomics (Fourth Edition)
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