What is the per capita real GDP on Purchasing Power Parity basis in Sri Lanka? What is the trend in this variable? Is the per capita real GDP increasing? Can you find the relevant data for the last couple of years or more?
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- 1960 South Korea Mexico 2012 South Korea Mexico Population, total (in millions) 25 38.7 50 120.8 e GDP (in billions of constant 2005 US$) 27.7 127.6 1165.3 1031.1 Source: World Development Indicators. Calculate per capita GDP for each country and year. Don't use commas or dollar signs, and round to the nearest dollar. • South Korea, 1960: 1108 • Mexico, 1960: type your answer... • South Korea: 2012: 23306 • Mexico, 2012: type your answer... • Did the standard of living rise in both countries? (type either yes or no): type your answer... • Which country saw the greater increase in living standards? type your answer... According to the PPF model, why might this country have had a greater increase in living standards? (Type the letter that corresponds to the best answer.) a. This country created more capital. b. This country's population increased more. c. This country adopted more advanced tecnhology. d. All of the above are consistent with the PPF model and the data. e. (a) and (c) only…What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does Canada and the USA rank in terms of GDP/capita?Per capita GDP is used to measure a country's standard of living. What other economic factors impact the day-to-day life of citizens in a country?
- The real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?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: SHow can a decline of natural resources and biodiversity affects a country's Gross National Product and Gross Domestic Product?
- relationship between economic development and trip generationIn 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million. In 2000, Denmark had 3 GDP of 160 billion (measured in U.S. dollars} and a population of 5.3 million. By what percentage did Denmarks GDP per capita rise between 1980 and 2000?Spain's current real GDP (YO) is €326 billion, and grows at a constant rate of 1.1%. Portugal's current real GDP is smaller (€55 billion), but they are experiencing a constant 4.8% growth rate. Part a) Calculate the real GDP for both countries 30 years, 50 years and 70 years from now. Allow the calculator to carry decimals in your intermediate calculations, but round GDP to the nearest billion Euro. Use these rounded values throughout the rest of the problem. Part b) Calculate the percentage difference in real GDP between the two countries for each 20-year interval. Report your answer in percentage form, rounded to the nearest integer. Part c) Suppose Portugal's goal is to catch up to Spain's GDP in 25 years. What growth rate must they sustain each year if they are to accomplish their goal? Express your answer as a percentage, rounded to one decimal place.