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NATIONAL INCOME The following information will be used to answer question 11 to 15 Suppose the...

NATIONAL INCOME

The following information will be used to answer question 11 to 15

Suppose the following data for Zambia
2017 2018
Real GDP 267.2 billion 364.4 billion
Population 220 million 293.4 million

11. What is the GDP per capita for 2017 *

1 point

Your answer

12. What is the GDP per capita for 2018 *

1 point

Your answer

13. What is the growth rate of GDP per capita *

1 point

Your answer

14. Find the Population Growth rate between 2017 and 2018 *

1 point

Your answer

15. Find the Growth in real GDP between 2017 and 2018 *

1 point

Your answer

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Homework Answers

Answer #1

11) GDP per capita= Real GDP of 2017/ population in 2017

=267200 million/220 million= $1214.54$

12) GDP per capita for 2018 = Real GDP of 2018/ Population in 2018

=364400 million/293.4 million

=$1241.99

13) Growth rate of GDP per capita= Change in GDP per capita/ GDP per capita in 2017

=27.44/1214.54*100

= 2.25%

14) Population growth rate= Population change/ Population in 2017*100

= 293.4-220/220*100

= 73.4/220*100

=33.36%

15) Growth in real GDP= Change in GDP/GDP in 2017*100

= 364.4-267.2/267.2*100

= 97.2/267.2*100

= 36.37%

(You can comment for doubts)

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