Question

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 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?

Homework Answers

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

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