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Calculation of per capita GDP, population and GDP.

a) Suppose the US population is currently 303.8 million people and the population of China is 1.33 billion. If US GDP is $13,850 billion and China\'s GDP is $6,990 billion, what is the per capita GDP in each country? (Both GDP figures are in terms of purchasing power parity.)

b) If the US population is growing at .88% per year, while GDP is growing at 2.5% per year, and if these growth rates constant for the next five yrs, illustrate what will be the population and GDP levels in five years? Please show your work.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921516

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