In May 2013, the value of the Consumer Price Index (CPI) in a certain country, Polonia, reached an all-time high of 202 index points and per capita nominal GDP was $33,500. In January 1950, the CPI was at its lowest at 66 index points. Per capita nominal GDP in 1950 was $9,600. Calculate real GDP per capita for 1950 by converting that year's nominal GDP per capita into current (2013) dollars. For 1950, real GDP per capita (in 2013 dollars) was S: (Round your response to one decimal place.) For the people of Polonia, life satisfaction was likely higher in The level of life satisfaction hinges on the correlation between happiness and real GDP per capita. Surveys done by social scientists indicate V between life satisfaction and real GDP per capita.

In May 2013, the value of the Consumer Price Index (CPI) in a certain country, Polonia, reached an all-time high of 202 index points and per capita nominal GDP was $33,500. In January 1950, the CPI was at its lowest at 66 index points. Per capita nominal GDP in 1950 was $9,600. Calculate real GDP per capita for 1950 by converting that year's nominal GDP per capita into current (2013) dollars. For 1950, real GDP per capita (in 2013 dollars) was S: (Round your response to one decimal place.) For the people of Polonia, life satisfaction was likely higher in The level of life satisfaction hinges on the correlation between happiness and real GDP per capita. Surveys done by social scientists indicate V between life satisfaction and real GDP per capita.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 1SQ

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