Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
Textbook Question
100%
Chapter 19, Problem 31P

Ethiopia has a GDP of \$ 8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of \$ 9 billion (measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.

Students have asked these similar questions
South Africa has a GDP of \$10 billion (measured in U.S. dollars) and a population of 45 million. Ecuador has a GDP of \$12 billion (measured in U.S. dollars) and a population of 4.5 million. Calculate per capita GDP for each country.   Question 24 options:   South Africa = \$222.22; Ecuador = \$2,666.67   South Africa = \$22.22; Ecuador = \$266.67   South Africa = \$2222.22; Ecuador = \$26,666.67   South Africa = \$22.22; Ecuador = \$2,666.67
Use the table below to answer the following questions. GDP per capita GDP per capita Country 2013(\$) Boliv 3,664 Chi 4,102 Ghala 2,007 Artinia 10,860 Plazi 8,603 2018 (\$) 4,592 7,519 2,615 15,854 11,239 Which country had the highest level of per capita GDP in 2018? Ghala Chi Boliv Plazi Artinia Which country had the highest rate of growth in per capita GDP from 2015 to 2018? Ghala Plazi Boliv Artinia Chi
According to the table, Canada has the eleventh-highest GDP among the countries with the largest economies in the world. Does this mean Canada also has the eleventh-best standard of living? Fill in the blanks to complete the passage. World's Largest Economies by GDP, 2013 (1) (2) Country (3) (4) Per capita GDP (U.S. dollars) Rank 2013 GDP (billions of U.S. dollars) \$53,042 United States \$16,768 1 6,807 2 China 9,240 38,634 3 Japan 4,920 46,269 4 Germany 3,730 42,503 5 France 2,806 United Kingdom 41,787 6 2,678 11,208 7 Brazil 2,246 2,149 35,926 8 Italy 18,783 Russia 2,097 1,499 10 India 1,877 11 Canada 1,827 51,958 Drag word(s) be low to fill in the blank(s) in the passage. Canada's GDP is a that Canadians have the eleventh-best standard of living. A nation's better standard-of-living indicator, because it measures Using this measure, it looks like Canada has a better standard of living than all but one other nation. total productivity indicates does not indicate per capita GDP average…
• Copyright, Community Guidelines, DSA & other Legal Resources: Learneo Legal Center
• bartleby, a Learneo, Inc. business