ASAP plzzz 1.The following table contains the GDP per capita of selected countries.GDP per capita in 2020 (US$)At market exchangeAt PPPprices51342CountryNameCanadaChinaIndiaJamaicarate46195102622100558216830699710193Why do you think the GDP per capita numbers are different for each country when calculated at PPPprices versus when calculated using market exchange rate? Can we compare the cost of living amongthese countries? Explain your answer.

1) Macroeconomics is the branch of economics that studies how an economy functions as a whole.…

1. The following table contains the GDP per capita of selected countries. GDP per capita in 2020 (US $) At market exchange At PPP Country Name Canada China India Jamaica rate 46195 10262 2100 5582 prices 51342 16830 6997 10193 Why do you think the GDP per capita numbers are different for each country when calculated at PPP prices versus when calculated using market exchange rate? Can we compare the cost of living among these countries? Explain your answer.

1. The following table contains the GDP per capita of selected countries. GDP per capita in 2020 (US $) At market exchange At PPP Country Name Canada China India Jamaica rate 46195 10262 2100 5582 prices 51342 16830 6997 10193 Why do you think the GDP per capita numbers are different for each country when calculated at PPP prices versus when calculated using market exchange rate? Can we compare the cost of living among these countries? Explain your answer.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

See similar textbooks

Similar questions

Using the data in Table 32.3, rank the seven regions of the world according to GDP and then according to GDP per capita.
2.In a farway country, banana is the most important crop exported to rest of the world. Data about economic indicators for farway country are given in Table 1. Table 1: Macro Economic Indicators of Farway Country (all figures in million $) year Consumption Expenditure Investment Expenditure Government Expenditure Exports import 2012-13 100 20 50 60 70 2013-14 120 25 60 65 75 2014-15 140 30 70 65 78 2015-16 160 28 40 50 75 2016-17 165 25 30 45 75 2017-18 170 24 20 40 80 2018-19 170 20 20 35 80 In recent years, a life style change, leading to more consumption of processed food, than raw food has led to reduction in demand for Bananas for consumption. Since the manufacturing sector in FarwayCountry is not developed, the country has to import most of its processed food needs, leading to increase in imports.The Government of Farwaycountry is contemplating inviting foreign investors to establish industries to manufacture banana products such…
In a farway country, banana is the most important crop exported to rest of the world. Data about economic indicators for farway country are given in Table 1. Table 1: Macro Economic Indicators of Farway Country (all figures in million $) Year Consumption Expenditure Investment Expenditure Government Expenditure Exports Imports 2012-13 100 20 50 60 70 2013-14 120 25 60 65 75 2014-15 140 30 70 65 78 2015-16 160 28 40 50 75 2016-17 165 25 30 45 75 2017-18 170 24 20 40 80 2018-19 170 20 20 35 80 In recent years, a life style change, leading to more consumption of processed food, than raw food has led to reduction in demand for Bananas for consumption. Since the manufacturing sector in Farway Country is not developed, the country has to import most of its processed food needs, leading to increase in imports. The Government of Farway country is contemplating inviting foreign investors to establish industries to manufacture banana products such as candies,…
In 1980, Denmark had a GDP of $90 billion (measured in US dollars) and a population of 6.1 million. In 2000, Denmark had a GDP of $150 billion (measured in US dollars) and a population of 6.2 million. By what percentage did Denmark's GDP per capita rise between 1980 and 2000? Question 23 options: 205% 144% 64% 120%
Explain why GDP per capita comparison among nations are not a perfect measure of differences in economic well-being. (Hint: there are four problems with using GDP per capita to compare rich versus poor countries)
Ma1. Find a charity that you think is doing good work in a low GDP per capita (low income) nation (also pick a specific country they work in to talk about). Discuss why that nation has a low GDP per capita in the first place, and why the charity is needed. Then discuss what the charity provides and why you believe that is an economic sound approach for improving the outcome there. tips I'm not setting a GDP per capital limit to pick from, just try to pick a country on the lower end of the GDP per capita spectrum. When discussing why the nation currently has a low GDP per capita, remember to discuss both the available factors of production and the institutions and incentives that are present. When discussing how the efforts of the charity will improve the outcome, be sure to tied it back into macroeconomic theory: how will the actions of the charity contribute to more economic stability and/or greater growth and a higher living standard in the future.
1. Why do you think many big corporations like Apple, Coca-Cola, Microsoft, choose to manufacture their products in countries located in the Global South than in the Global North? 2. Based in your knowledge, why rich countries become richer and poor countries become poorer? Support your idea.
What is the GDP per capita of a country with a population of 50 million and a GDP of $1.5 trillion? A) $30,000 B) $15,000 C) $3,000 D) $1,500
Consider Table 1 above. What is Uruguay's GDP per capita? A) $1,998.34 B) $7,454.30 C) $11,332.02 D) $16,190.06
Case: Suppose you are watching a news report with a friend. The news report points out that a certain African nation generates a GDP per capita of only $1300 per year. Since your friend knows that Slovenia’s GDP per capita is approximately $26 000, he suggests that Slovenians are materially 20 times better off than the people of the African nation. 5. Does this mean that residents of the African nation are actually as well off materially as residents in Slovenia?
1. What are several examples of country economic development differences? Briefly discuss. 2. Describe the various political and economic systems.
1. Discuss the global and local problems in the economy on why there us a lot of working students