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?
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
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