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- Consider the table of GDP and population for several imaginary countries. Countrv Wrigleyville Longhornland Dinkvtown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 183.0 115 175.00 559.0 2965 1.700 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11 A. What is the GDP per capita of Longhornland in Ủ.S. dollars? Express your answer rounded to one decimal place. B. What is the GDP of Dinkytown in millions of Ủ.Š. dollars? Express your answer rounded to one decimal place.What are the two main difficulties that arise in comparing different countries's GDP?GDP is the total market value of goods and services produced ina country in a year. Google the GDP’s of three countries. Everyoneshould use different countries. Use one advanced economy, onedeveloping country, and then a country on a different continentthan the first two countries you found. What I want to know and youneed to share is current (1) total gdp, (2) gdp per capita and (3)gdp growth rate for the last year. Explain what has been happeningin the countries you chose. If you have heritage from anothercountry, share the gdp numbers from your country.
- Indicate whether each of the following transactions is included or not included in the GDP of the United States. a. A textbook is purchased by a student in New Jersey in yesterday. The book was made Hawaii just last week. b. Forty pounds of apples grown by a Washington farmer and traded this morning to his neighbor for ten pounds of honey. c. A hundred dollars paid to you for babysitting last night at a home near the university. The $100 was in cash with no records kept, i.e., under the table. d. The $90 purchase of materials by you made today at the Home Depot in Springfield. You plan to build a doghouse in your backyard yourself. The doghouse is for your dog. e. A fighter jet produced in Texas last month and sold this morning to Saudi Arabia. f. Eight tons of coal mined in West Virginia last month was sold today to a power plant in Tennessee. The power plant immediately started using the coat to generate power for over 30,000 homes and businesses in the Nashville area. g. Tom retired…Value of the final goods and services produced in a given year valued at that year's prices A. Nominal GDP B. Real GDP C. Net Domestic Product D. Per Capita GDPWhat counts as GDP (I)?
- how to calculate GDPhow to compute for change in gdpI. Nominal GDP and Nominal GDP per capita can best measure the quality of living and standard of living II. Real GDP and Real GDP per capita can best measure quality of living and standard of living III. To compare the standard of living across countries and across time, some correction is needed to account for exchange rates and price changes/differences IV. While useful, GDP is a limited metric in the measurement of the quality of living and the standard of living O All Statements are true Only Statements III and IV are true Only Statements II and III are true Only Statements I and III are true All Statements are false
- make a pie chart and find key points in this question. I do not need calculations GDP per 1980 сapita, current 1981 1982 1983 prices (U.S. dollars per capita) Advanced 10277.37110358.89110219.32510567.5 economies Emerging 893.41 market and 897.965 833.055 801.721 developing economiesMacmillan Learning Consider the table of GDP and population for several imaginary countries. $ Country Wrigleyville Longhornland Dinkytown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 225.0 143 197.00 $ 523.0 2947 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. 1.800 B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place.Is GDP per capita a good measure of a country's standard of living? Is GDP a good measure of a country's well-being? How should a country’s well-being be measured?