Study the scenario and complete the question(s) that follow(s):Silesia – ContinuedYou are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below:19942019Nominal GDP (Billion) Price Index (2010) base) Population (Million)200 800 50 120 20 30Adapted from: Van Walbeek, C., Krugell, W. and Samouilhan, N. 2008. South African Work Book for Economics. Pretoria: Van Schaik.COEC121 – Take-Home Test Paper S2 2020 | V1.0 Page 8 of 9 6.4 Calculate per capita real GDP for Silesia for 1994 and 2019.6.5 By what percentage did per capita real GDP increase between 1994 and 2019?6.6 What can you say about the changes in the average standard of living in Silesia, based on the previous calculations?
Study the scenario and complete the question(s) that follow(s):
Silesia – Continued
You are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below:
1994
2019
Nominal
200 800 50 120 20 30
Adapted from: Van Walbeek, C., Krugell, W. and Samouilhan, N. 2008. South African Work Book for Economics. Pretoria: Van Schaik.
COEC121 – Take-Home Test Paper S2 2020 | V1.0 Page 8 of 9
6.4 Calculate per capita real GDP for Silesia for 1994 and 2019.
6.5 By what percentage did per capita real GDP increase between 1994 and 2019?
6.6 What can you say about the changes in the average standard of living in Silesia, based on the previous calculations?
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