Question

(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population...

(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population of Saudi Arabia from 2016 to 2019. Using these two figures to obtain GDP per capita for 2016 to 2019 at Current US Dollars and at Constant 2011 US Dollars. Also, find the unemployment rate and inflation rate of Saudi Arabia from year 2016 to 2019. Note that it is compulsory to put your source of data at the bottom of the table, otherwise marks will be deducted.

Year

GDP (current USD)

GDP (constant 2011 USD)

Population

GDP per capita (current USD)

GDP per capita (constant 2011 USD)

Unemployment rate

Inflation rate

2016

2017

2018

2019

Source of the data:

(b) From all the figures obtained and calculated above which year would you consider as the best among these four years using GDP per capita.

Tip

Please note that GDP (at current USD) is nominal GDP while GDP (at constant 2011 USD) is real GDP and 2011 is the base year. However, if you can't find GDP (at constant 2011 USD) then use GDP (at constant 2010 USD) . These figures are available on different websites such as world bank, trading economics among others. You are not expected to calculate these two figures but obtain what's already in the data bank out there.

Homework Answers

Answer #1
YEAR GDP(CURRENT USD) GDP (CONSTANT 2010 USD) POPULATION GDP PER CAPITA (CURRENT USD) POPULATION GDP PER CAPITA (CONSTANT 2010 USD) UNEPLOYMENT RATE INFLATION RATE
2016 644.936 billion 690.069 Billion 19875 21270 5.65% 2.05%
2017 688.586 billion 684.952 Billion 20804 20693 5.89% -0.83%
2018 786.522 billion 701.624 Billion 23219 20818 5.92% 2.47%
2019 779.289 billion 789.368 Billion 22865 23122 5.92% -1.05%

SOURCE OF DATA data.worldbank.org and tradingeconomics.com

b) After considering the above data we clearly say that per capita GDP is highest in 2018 i.e. 23219 so this year is consider to be best.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If I have a table like this one: ALREADY HAVE NUMBER IN SIDE IT Year GDP...
If I have a table like this one: ALREADY HAVE NUMBER IN SIDE IT Year GDP (current USD) GDP (constant 2010 USD) Population GDP per capita (current USD) GDP per capita (constant 2010 USD) Unemployment rate Inflation rate 2012 2013 2014 2015 2016 and I have a question like this: From all the figures obtained and calculated above which year would you consider as the best among these five years, and state your reason? depend on which information in the...
The table below provides information about real GDP (measured in billions of dollars) and population (measured...
The table below provides information about real GDP (measured in billions of dollars) and population (measured in millions) for four countries. Please calculate the indicated values to fill in the table. Round all answers to the nearest whole number. USA Mexico Botswana China 1980 RGDP 2,857.33 404.79 1.8 306.87 1980 population 227.225 67.761 0.897868 981.235 2016 RGDP 18,707.15 2,369.01 37.4 21,316.91 2016 population 323.071 123.333 2.159 1,378.665 1980 RGDP per capita: USA $ Mexico $ Botswana $ China $ 2016...
1. In 1999, real GDP per capita in the US was $43,820 (2012 dollars). In 2018,...
1. In 1999, real GDP per capita in the US was $43,820 (2012 dollars). In 2018, real GDP per capita was $56,803. (a) What was the annual growth rate of real GDP per capita from 1999 to 2018. (b) Suppose when you graduate, you get a good job and your income is equal to GDP per capita. Also suppose your income grows at exactly the same rate as the growth rate in GDP per capita each year that you work....
GDP per Capita Growth and Rule of 72 Current Year Previous Year Growth Rate Real GDP...
GDP per Capita Growth and Rule of 72 Current Year Previous Year Growth Rate Real GDP $8.4 trillion $8.0 trillion Population 202 million 200 million GDP per Capita $ $ Formulas you could use: Growth Rate in percentage = (Current year value – previous year value)/ previous year GDP per Capita = Real GDP/population (Ch6 Section 6.4) Future value = Present value x (1 + growth rate)^number of years (Ch7 Section 7.2) Rule of 72: 72/growth rate = number of...
The following GDP per capita values are all measured in PPP adjusted international dollars, using constant...
The following GDP per capita values are all measured in PPP adjusted international dollars, using constant prices. In 2010, U.S. GDP per capita was $49,412 and in 2017 it was $54,347. Chinese GDP per capita was $9,443 in 2010 and $15,175 in 2017. a. Calculate the average growth rate of GDP per capita for both countries between 2010 and 2017, assuming discrete growth! b. Assume that both countries continue to grow at the same speed as you calculated in the...
(Hybrid Harrod-Domar-Solow Model) An economy has a population of 2 million, the current capital stock of...
(Hybrid Harrod-Domar-Solow Model) An economy has a population of 2 million, the current capital stock of $6 billion, and a current GDP of $3 billion. The savings rate is a constant 8% and depreciation rate is 3%. The population growth rate is 0. Its production function is given by Yt=AtKt, where Yt denotes GDP, Kt denotes capital stock and At denotes productivity of capital in year t. Capital productivity will remain at its current level until the economy achieves a...
5. Which of the following is true of nominal GDP? a. It acts as an indicator...
5. Which of the following is true of nominal GDP? a. It acts as an indicator of the general price level in the economy b. It measures the real level of output in the economy c. It measures national output based on the current year's prices d. It tends to rise by a smaller amount than real GDP when the general price level increases e. It measures changes in the output of intermediate goods and services 6. Because there is...
Question: Calculate the growth rate1of "Brazil" GDP and whether they are a BEM (you must calculate...
Question: Calculate the growth rate1of "Brazil" GDP and whether they are a BEM (you must calculate this to get full credit; find the appropriate numbers first) 1 (Growth rate as a percentage= (year2-year1)/year1 x 100) EXAMPLE (For Philippines): Economy of the Philippines Statistics          GDP   $284.556 billion nominal (2014) $692.223 billion PPP (2014) GDP rank       39th nominal (2014) 29th PPP (2014) GDP growth  5.6% (Q2 2015) GDP per capita          $2,828 (2014) (nominal 126th) $6,986(2014) (PPP) The GDP is calculated as: GDP = Consumption + Investment...
i. “first, a rise in the debt/GDP ratio means that the current generation is consuming good...
i. “first, a rise in the debt/GDP ratio means that the current generation is consuming good and services at the expense of future generations. We are in effect stealing from the future by consuming more than we can produce”. We can consume more than we produce by selling bonds to: a.Foreigners. b.The public. c.The Central bank. d.All of the above. ii. if seignior age is $4b, the current deficit is $30b, the structural deficit is $10b, the money supply is...
Find nominal GDP for the US in 2002 (dollar figures are in billions). Show your work!...
Find nominal GDP for the US in 2002 (dollar figures are in billions). Show your work! (all the numbers below are nominal)                                                                    (10 points) consumption          $7304                          gross private investment         $1593 wages                    $5977                          government purchases            $1973 indirect taxes         $ 695                           net interest                              $ 684 net exports            $-424                           depreciation                            $1393 rent                        $ 142                           profit                                       $1545       net foreign factor income earned in the US                                              $    10 Real GDP in 2002 was $9439.9 billion: What is the GDP deflator? (You have nominal...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT