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Chapter 9: Q. 4 (page 210)

Consider the following data. What is the per capita real GDP in each of these countries?

Short Answer

Expert verified

The per capita real GDP is,

Step by step solution

01

Real GDP.

The population and real GDP of 3 nations can be seen in the table below.

02

Calculated data.

Using the formula, estimate the per capita real GDP of the countries listed.

RealGDPpercapita=RealGDPPopulation

Calculated data should be tabulated.

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Most popular questions from this chapter

Why might a stringent rule that induces a few firms to reduce production be less likely to reduce the economic growth rate than a less stringent but broader regulation that causes all industries to cut their production?

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a. Which of the labelled points corresponds to the maximum feasible 2020 production that is more likely to be associated with the curve denoted2021A ?

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