Chapter 11 Activity - Discussion: State GDPS per Capita 23 The table below lists for 2018 the five states with the highest real GDP per capita and the five states with the lowest real GDP per capita. The table shows each state's level of real GDP per capita and its growth rate of real GDP per capita in that year. (FYI: Take a look at the 2022 Per capita GDP by state here . Florida's position may surprise you!!) GDP per capita, 2018 GDP per capita growth State (2012 dollars) rate, 2018 New York $73,531 2.4% Massachusetts 72,635 2.1 Alaska 70,936 0.0 Connecticut 67,784 1.0 California 67,698 3.1 Mississippi 34,029 1.1 Arkansas 38,467 0.6 West Virginia 39,495 3.0 Idaho 39,843 2.0 South Carolina 39,883 0.4 Source: statista.com FOR YOUR INITIAL POST: 1. Based on the information in the table, do the highest-income states and the lowest-income states exhibit convergence or catch-up? 2. What additional data would you need to more accurately test whether the lowest-income states are catching un?

Chapter 11 Activity - Discussion: State GDPS per Capita 23 The table below lists for 2018 the five states with the highest real GDP per capita and the five states with the lowest real GDP per capita. The table shows each state's level of real GDP per capita and its growth rate of real GDP per capita in that year. (FYI: Take a look at the 2022 Per capita GDP by state here . Florida's position may surprise you!!) GDP per capita, 2018 GDP per capita growth State (2012 dollars) rate, 2018 New York $73,531 2.4% Massachusetts 72,635 2.1 Alaska 70,936 0.0 Connecticut 67,784 1.0 California 67,698 3.1 Mississippi 34,029 1.1 Arkansas 38,467 0.6 West Virginia 39,495 3.0 Idaho 39,843 2.0 South Carolina 39,883 0.4 Source: statista.com FOR YOUR INITIAL POST: 1. Based on the information in the table, do the highest-income states and the lowest-income states exhibit convergence or catch-up? 2. What additional data would you need to more accurately test whether the lowest-income states are catching un?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 31P: Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa...

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