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3. 10.00 points GDP per Capita in 1990 International Dollars Year 1000 $420 1500

ID: 1119937 • Letter: 3

Question

3. 10.00 points GDP per Capita in 1990 International Dollars Year 1000 $420 1500 1820 $425 $439 450 400 1995 $675 $5,188 $624 $1.149 $19,990 670 1,269 17 456 400 1,23322,933 675 19,720 $594 $2,971 $545 The West West Europe North America Japan 400 400 425 $424 400 415 450 425 400 The Rest $423 400 400 450 425 400 $532 597 415 Other Europe Latin America China Other Asia Africa 803 5,147 671 5,031 600 2,653 560 2.768 400 1.221 525 According to the data in the table, by what percent did world GDP per capita grow from a. 1000 to 1500? b. 1500 to 1820? c. 1820 to 1995 References

Explanation / Answer

A) GDP per capita in 1000=420

GdP per capita in 1500=$545

Gdp growth rate=545-420/420*100=29.76%

B) GDP per capita in 1820=675

Gdp grpwth rate=675-545/545*100=23.85%

C)GDP in 1995=5188

GDP growth rate in between 1820 to 1995=5188-675/675*100=668.59%

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