the following table reports real GDP per person for several different economies
ID: 1230533 • Letter: T
Question
the following table reports real GDP per person for several different economies in the years 1960 and 2000. it also gives each economy's average annual growth rate over this period. for example, real GDP per persion in senegal was $1,776 in 1960 and actually declined to $1,571 by 2000. Senegal's average annual growth rate during this period was -0.31%, and it was the poorest economy in the table in the year 2000.The real GDP per person figures are denominated in U.S. dollars with a base year of 1996. The following questions help you to understand the different growth experiences of the economies in the table.
real GDP per person
economy: singapore, senegal, france, austria, india, china
1960 ($):4,219, 1776, 8531 , 8444 , 892 , 448
2000($): 29434, 1571 , 25045 , 27000, 2644 , 4002
growth rate (%) : 4.98, -0.31, 2.73, 2.95, 2.75, 5.63
which economy had the highest level of real GDP per person in the year 2000?
*china
*france
*singapore
*austria
in which economy did real GDP per person grow at the fastest rate from 1969 to 2000?
*china
*france
*singapore
*senegal
consider the following list of four countries. which economy began with a level of real GDP per person in 1960 that was well below that of of France and grew fast enough to catch up with and surpass France's real GDP per person by 2000?
*china
*france
*singapore
*senegal
Explanation / Answer
1)which economy had the highest level of real GDP per person in the year 2000? A) singapore as in given table real GDP per person is $29,434 which is highest compared to other countries 2)in which economy did real GDP per person grow at the fastest rate from 1969 to 2000? A) china as in given table fastest growth rate means high growth rate which is there for china. it is 5.63% 3)consider the following list of four countries. which economy began with a level of real GDP per person in 1960 that was well below that of of France and grew fast enough to catch up with and surpass France's real GDP per person by 2000? A) singapore as in 1960 singapore real GDP per person was $4219 which was less than france real GDP per person of $8531 . but in 2000 singapore has $29,434 and france has $25,045
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