Question

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 RGDP per capita:**

USA $

Mexico $

Botswana $

China $

**Growth rate of RGDP per capita:**

USA %

Mexico %

Botswana %

China %

Round to the nearest **whole number**.

For **1980** calculate the following
values......

US real GDP per capita divided by Mexico real GDP per capita:

US real GDP per capita divided by Botswana real GDP per capita:

US real GDP per capita divided by China real GDP per capita:

The values above tell you how many times larger our real GDP per capita was in comparison to the other countries.

For **2016** calculate the following values:

US real GDP per capita divided by Mexico real GDP per capita:

US real GDP per capita divided by Botswana real GDP per capita:

US real GDP per capita divided by China real GDP per capita:

Now answer these questions: You will enter **USA, Mexico,
Botswana, or China.**

Which country had the lowest GDP per capita in the first year of data?

Which country had the highest real GDP in the second year of data?

Which country’s GDP per capita is not converging towards that of the US?

Which country’s real GDP per capita has grown at the fastest rate?

Answer #1

Sloution :

**1980 RGDP per capita:**

USA $ 1257

Mexico $ 6

Botswana $ 2

China $ .31

**2016 RGDP per capita:**

USA $ 574

Mexico $ 19

Botswana $ 17

China $ 15

For **1980** calculate the following
values......

US real GDP per capita divided by Mexico real GDP per capita = 1257/6 = 210

US real GDP per capita divided by Botswana real GDP per capita = 1257/2 = 629

US real GDP per capita divided by China real GDP per capita:1257/.31 = 4055

For **2016** calculate the following values:

US real GDP per capita divided by Mexico real GDP per capita: = 574/19 = 30

US real GDP per capita divided by Botswana real GDP per capita: = 574/17 = 34

US real GDP per capita divided by China real GDP per capita: = 574/15 = 38

Which country had the lowest GDP per capita in the first year of data? Answer : China

Which country had the highest real GDP in the second year of data? Answer : USA

Which country’s GDP per capita is not converging towards that of the US? Answer : Mexico

Which country’s real GDP per capita has grown at the fastest rate? Botswana

The accompanying table shows data on nominal GDP (in billions of
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period 1960–2010.
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1960 $526.4 $2,828.5 180,760
1970 1,038.5 4,266.3 205,089
1980 2,788.1 5,834.0 227,726
1990 5,800.5 8,027.1 250,181
2000 9,951.5 11,216.4 282,418
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1. Choose one of the following countries: China, Russia,
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