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
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- (1) Use the data from the following table to calculate the GDP per capita of each country. The GDP per capita for Estonido and for Galicia in 2018 is Country Year GDP (billions in U.S. $) Population (millions) Estonido 2017 525.50 73 Galicia 1,658.00 118.25 Estonido 2018 721.75 78 Galicia 1,724.30 121.8 (a) $925 for Estonido and $1,412 for Galicia in 2017. (b) $9,253 for Estonido and $14,157 for Galicia in 2017. (c) $7,199 for Estonido and $14,021 for Galicia in 2017. (2) When calculating GDP as the sum total of all spending, which of the following should be included? (a) government purchases of labor, goods, and services. (b) government transfer payments. (c) savings. (3) For productivity to increase (a) the total number of hours worked has to increase. (b) the value of the production per hour worked has to increase. (c) the total production or output has to increase.One way of measuring standard of living is by using real GDP per capita. a) Complete the table below by calculating Real GDP per capita for the 3 years (remember to show your work for at least one year): Years 1 2 3 Real GDP (in millions of dollars) $5,720 6,496 7,392 Population (in Real GDP per thousands) capita 220 224 231 b) By what percentage this country's RGDP per capita rose between year 1 and 3? Show your work!What is the GDP per capita of a country with a population of 50 million and a GDP of $1.5 trillion? A) $30,000 B) $15,000 C) $3,000 D) $1,500
- what is the nominal GDP per capita for year 2019? refer to the tablePer Capita & GDP Country Classification [For your analysis, make sure to use current data: (2020 or 2021); also include the source of your data] 1. List the 10 countries with the highest GDPs in the World.2. List the 10 countries with the highest Per Capita GDPs in the World. Explain how the Per Capita GDP is calculated.3. Compare and analyze the two types of ranking (GDP and Per Capita GDP).4. What are the criticisms with the two types of ranking (GDP and Per Capita)?5. Is there a better way to classify a country other than the use of GDP and per capita? Explain6. How is a country classified by the World Bank and the United Nations (UN) (see also textbook for more information)? Explain and illustrate.7. Reflect on the globalization debate (for or against) (At least one paragraph), [see chapter 18: Globalization, textbook]Using the table below, calculate the GDP per capita for Country C. Round your answer to the nearest dollar. GDP per capita GDP Population GDP per capita Country (in billions of U.S. dollars) (in millions) (in U.S. dollars) A $1,300 320 ? B $1,790 585 ? C $3,610 1,050 ? D $36,300 1,060 ? Provide your answer below: GDP per capita = $
- Using the following information for a U.S. state: Nominal GDP (millions) 1,151,119 1,879,520 2,350,807 3,701,354 Real GDP (millions 2009 $'s) 1,421,713 1,975,457 2,143,167 2,885,627 Population 32,987,911 36,020,878 38,792,459 39,029,342 Year 1998 2006 2014 2022 Note: time periods of interest are 1998-2006 & 2006-2014 a What is the average annual growth rate for this state during the time periods listed. b. What is the average annual inflation rate for this state during the time periods listed? c. To what extent are living standards likely changing in this economy? Explain and support your claim using data from the table above.Consider a Melanesian island nation in the South Pacific, which had a population of 0.88 million in 2010. The table below presents the nominal GDP and the GDP deflator (based on 2005 being the base year) for the years 2010, 2015 and 2020.YearNominal GDP ($millions)GDP Deflator201017500103.7201518222104.8202018755105.9Over each 5-year period, there were no significant changes to goverment policies or capital investment, and the country experienced a net migration of 0%. However, over the first five years (2010 to 2015), the growth rate of births was 12.5% while the growth rate of deaths was 7.5%. This resulted in a 5% population growth. Over the second five years (2015 to 2020), health care significantly improved such that the growth rate of births increased to 15% while the growth rate of deaths decreased to 5%. In 2010 employment population ratio is 64%. What is the real GDP per worker in 2010.Snack Year Price per Unit Quantity 2021 10 pesos 30 2022 15 pesos 40 Select one: Cheese Nominal GDP is 970 pesos in 2021. Real GDP is 970 pesos in 2022. GDP deflator is approximately 108.38 in 2022. GDP deflator is 90 in 2021. Price per Unit 15 pesos 10 pesos The table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (in this question, take 2021 as the base year in your calculations whenever necessary) Soda Quantity Price per Unit Quantity 15 20 6 pesos 25 6 pesos 20
- The table below showsa country's potential Gross Domestic Product (GDP) and true GDP. 1970e 19754 1980 GDP 2,500- 3,5004 4,5004 5,500e 6,500e 7,500- 8,500- Year 1985e 1990- 1995e 2000 Potential (billion) KDNK is 3,890- 4,9814 2,8804 3,988e 7,518e 7,983e 7,850t right(billion) i. Sketch a business cycle based on the data provided above ii. Describe the business cycle. eConsider the table of GDP and population for several imaginary countries. Countrv Wrigleyville Longhornland Dinkvtown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 183.0 115 175.00 559.0 2965 1.700 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11 A. What is the GDP per capita of Longhornland in Ủ.S. dollars? Express your answer rounded to one decimal place. B. What is the GDP of Dinkytown in millions of Ủ.Š. dollars? Express your answer rounded to one decimal place.Year Real GDP per Capita 1985 6,000 1986 6,300 1987 6,700 1988 7,200 1989 7,850 1990 8,250 1991 8,450 1992 8,550 1993 8,575 1994 8,510 1995 8,370 1996 8,100 1997 7,950 1998 7,925 1999 7,960 2000 8,035 2001 8,155 The information above describes the real GDP per capita for a country for the period from 1985 through to 2001. I.…
