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- Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available: • GDP in constant international dollars or PPP • Population • GOP per person in constant international dollars • Mortality rate, infant (per 1,000 live births) • Health expenditure per capita (current U.S. dollars) • Life expectancy at birth, total (years)10) True or False: Countries that currently have low real GDPs per capita are destined to always have lower living standards than countries that currently have high real GDPs per capita.The Real GDP for a country is $450 million in 2020. The population of the country is 125 million as of 2020. In 2010, the GDP was 4% lower, and the population was 115 million.
- Explain briefly. Growth Rate of Gross National Product (GNP)Brazil’s real GDP was 1,520 trillion reais in 2011 and 1,585 trillion reais in 2012. Brazil’s population was 195 million in 2011 and 196.5 million in 2012. Calculate a. The growth rate of real GDP b. The growth rate of real GDP per person c. The approximate number of years it takes for real GDP per person to double when the real GDP growth rate and the population growth rate are maintained.Malaysia’s real GDP was $560 billion in 2010 and $570 billion in 2011. Malaysia’s population was 130.7 million in 2010 and 130.8 million in 2011. i. Calculate economic growth rate of Malaysia. ii. Calculate growth rate of real GDP per person of Malaysia. iii. How many years it takes for real GDP per person in Malaysia to double if the 2010 economic growth rate and population growth rate are maintained.
- Find per capita GDP when the population is 300 million and GDP is $1.5 trillion.GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies. Group of answer choices 2000 1970 1980 1990 1960With three economies, each of which has a GDP per capita of $100. Trend growth in these economies is 2%, 2.5%, and 5% respectively. Calculate GDP per capita for each economy after 5,10,20,50, and 100 years.
- In 2014, the GDP of Russia was $5500. Suppose that Russia has a growth rate of 3.4%. a. What is Russia's GDP after 8 years b. What is Russia's GDP after 16 years1 Real GDP growth rate for 2016 and GDP deflator in 2016 .The population was 9.98 million in 2006 the growth rate is around 2%. Estimate the population of a country in 2021 and 2070?