Please help just filll in the question mark!!!! Thankyou I Promise to rate. Popu
ID: 1238768 • Letter: P
Question
Please help just filll in the question mark!!!! Thankyou I Promise to rate.
Population (millions)
Employment (Millions)
Labor Productivity (output perworker)
Total output
1997
100
50
$9,500
Calculate the following for each year (except 1997)
i. Population growth rate (fromprevious year)
ii. Growth rate of output (fromprevious year)
iii. Growth rate of per capita output(from previous year).
Population
Employment
(Output per worker)
Total output
Pop growth
Output growth
Output per capita
Output per capita growth
1998
104
51
$9,500
$484,500
?
?
$4,658.65
?
1999
107
53
$9,750
$516,750
2.88%
6.66%
$4,829.44
3.67%
2000
108
57
$9,750
$555,750
0.93%
7.55%
$5,145.83
6.55%
2001
110
57
$10,000
$570,000
1.85%
2.56%
$5,181.82
0.70%
Population (millions)
Employment (Millions)
Labor Productivity (output perworker)
Total output
1997
100
50
$9,500
Explanation / Answer
GDP per capita = GDP / PopulationGrowth rate of output per worker = growth rate of total factorproductivity + 0.3 (growth rate of manufactured capital per worker)
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