Real GDP per capita is found by: Multiple Choice adding real GDP and population. subtracting population from real GDP. dividing real GDP by population. dividing population by real GDP. Give typing answer with explanation and conclusion
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Real
Multiple Choice
adding real GDP and population.
subtracting population from real GDP.
dividing real GDP by population.
dividing population by real GDP.
Give typing answer with explanation and conclusion
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- GDP and GNP cannot be grouped and calculated by industry. TRUE OR FALSE?Year GDP GDP deflator Population 1998 500 100 200 million 1999 800 160 210 million Which statement is true? Which statement is true? Multiple Choice Real GDP rose by 60 percent. Real GDP rose more quickly than GDP. Real GDP and GDP rose at the same rate. Real GDP did not rise.No written by hand solution The table below shows national data for the economy of Westfall. Round your intermediate calculations to one decimal place. Enter your responses rounded to one decimal place with the exception of Real GDP per capita that can be entered as a whole number. a. Fill in the blanks in the table below. 201820192020Nominal GDP (in billions)$650$730$ GDP deflator (2010 = 100)112 121Real GDP (in billions)$ $617$ Population (in millions)44 45Real GDP per capita$ $13,854$14,349 b. The inflation rate in 2019 is %. c. The growth rate of real GDP per capita in the year 2020 is %.
- 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 From 2015 to 2018, Kenya's standard of living always exceeded Bangladesh's standard of living. By the year 2018, Bangladesh had caught up with Kenya in terms of standard of living. From 2015 to 2018, Kenya's economic growth always exceeded Bangladesh's economic growth. From 2015 to 2018, Kenya's economic growth rate was always negative.1) Which one is not considered in the calculation of the human development index? a) expected years of education b) GNI per capita c) life expectancy at birth d) life expectancy at the age of 20. 2) The Penn World Table includes several GDP figures. Suppose that you want to compare the standard of living in the Netherlands in 1985 with that of Poland in 2015. Which type of GDP is the best choice? a) CGDP° per capita, b) RGDP° per capita. c) RGDPN^ per capita. d) CGDP° per capita. 3) The Penn World Table calculates world prices in dollars by writing equations for the prices in which they suppose that they know a) the current exchange rates b) the nominal GDPs C) the real GDPs. d) the purchasing power parity exchange rates.Use the data below to find the growth of income per person (over the entire period, not an annual basis) between the two years listed. Year Real GDP Population Income per person 1990 S3,780,000 million 245 million Number 2010 $ 8,850,000 million 250 million Number Income per person grew by (in decimal percent, i.e. .32 not 32). Number
- 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!a) Calculate GDP Deflator of 2009. b) Calculate the Growth rate of real GDP of 2009. c) What can you conclude from your answer to part a. d) What can you conclude from your answer to part b. please show all calculation .Answer must be correct. Answer follow imageThe income based GDP formula states that GDP is the sum of wages, rent, and interest, and in a given economy. A) commodities b) profits c)taxes d)tarrifs
- the measurement method of per capita income in Turkey has been changed in 2016.What is wrong with it?What’d happen to GDP per capita if Turkey has not made this revision?Do the other countries also apply such revisions?In 1988 the value of RGDP was $9,000.38 billion and the population was 298.32 million. What was the value of real GDP per capita? Round to the nearest whole number. Do not enter a dollar sign.QUESTION 25 An economy currently has a GDP per capita of $24,000. Calculate the difference between per capita GDP in 20 years if the economy grows at an annual rate of 4% vs. 2%. Please enter only the number (no $ signs or words).