Does order remain same for total gdp as for per capita gdp

Assignment Help Macroeconomics
Reference no: EM13752754

GDP in Different Countries

Complete the following exercise:

Go to World Development Indicators database:

Under Country select the U.S., Canada, and Mexico. Then select a country from each of the other 5 continents north of the Antarctica.

Select the 2 data series GDP (current US$) and Population (Total) under Series.

Select the most recent year under Time. 2010-2013. Use the sliding bar to select this range.

You can now retrieve that data by clicking one of the options on the upper right of the window. Clicking "Table" will allow you to view and copy the data for each country. Clicking "Download" will allow you to download the data in Excel, which can then be copied into your report table.

Fill in the table below. Calculate the per capita GDP for the most recent available year for the countries with the equation given in the far right column.

Country

Continent

GDP

Population

Per Capita GDP

 

 

in billions

in millions

3/4 Actual Dollars

Univted States

 

     

Canada

 

     

Mexico

 

     

4

 

     

5

 

     

6

 

     

7

 

     

8

 

     

Write a short report in your own words, which contains the analysis of the results you have gotten. In this report consider, but do not be limited to the following:

List the countries by highest per capita GDP to lowest.

Does the order remain the same for total GDP as for per capita GDP? If not, explain why is it different?

Reference no: EM13752754

Questions Cloud

Find the rank in economic freedom of the countries : Find the rank in economic freedom of the countries and find the rank in business, trade, financial freedom, and property rights of the countries.
Why nixon better able to lessen tensions with soviet union : Compare foreign policy of Richard Nixon to those of Kennedy and Johnson. Why was Nixon better able to lessen tensions with the Soviet Union?
Establishment of local collection centers : Norma's Cat Food of Shell Knob ships cat food throughout the country. Norma has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by two and one-half days.
Issue of globalization and trade in context : As a business owner, you need to approach the issue of globalization and trade in context. With all the complicated tariff and nontariff trade policies, organizations, and government involvement, the important question to ask is why the United Sta..
Does order remain same for total gdp as for per capita gdp : Calculate the per capita GDP for the most recent available year for the countries with the equation given in the far right column.
Explain could the american revolution have been averted : Explain could the American Revolution have been averted? Support your answer with specific examples of how and when. What strategies, cultural and economic factors worked against an open break with England?
Considered the various elements of the research project : Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based o..
International aspects of a business decision : As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee. You also need to pu..
Gross domestic product and gross national product : What is the difference between gross domestic product and gross national product (GNP)? What is the difference in what GDP measures compared to GNP?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate price-quantity and deadweight loss

Dana's Doorsteps (DD) is a monopolist in the doorstep industry. Its cost is C= 10Q and demand is P = 30- Q.

  Capital and the marginal productivity

Determine the rate at which Mitsubishi can rent capital and the marginal productivity of labor at its new targeted level of output. To minimize costs Mitsubishi should hire capital and labor until the marginal rate of technical substitution reache..

  Justify the decision to upgrade the equipment

Minuteman Manufacturing is considering upgrading a piece of equipment. If a certain upgrade helps reduce operating cost by $80 per hour of use and the upgraded equipment will be used on average 7 hours per day, what is the expected annual savings.

  Evaluate the congressmans statement

In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with the New York Times: ?

  What factors shift the short-run aggregate supply curve

Consider an economy described by the following: C' = 3.25 trillion; I' = 1.3 trillion; G' = 3.5 trillion; T' = 3.0 trillion; NX' = -1.0 trillion; f = 1; b = 0.75; d = 0.3; x = 0.1; ? = 1 and r' = 1. a. Derive expressions for the MP curve and AD cu..

  Elucidate price every ride must the public transportation

Elucidate price every ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs

  Would hospitals customers be likely to benefit from merger

Does either hospital have a dominant strategy (or any dominated strategy) Assuming they determine their strategies independently or one another, what are the hospitals' respective (Nash) equilibrium strategies Explain briefly.

  A b c and d are directors and shareholders of a company a

a b c and d are directors and shareholders of a company a is the managing director. a b c and d own equal shares

  Economic growththe government uses policies like student

economic growththe government uses policies like student loans and free trade to influence the economys growth rate. in

  How is the investment function related to slope of the is

Assume the consumption function is given by C=200+0.5(Y-T) and the investment function is I=1000-200r, where r is in percent. G equals 300 and T equals 200. Find the equation for the IS curve (hint: use the formula for equilibrium Y = C + I + G and t..

  Lower interest rates affecting the economy

Assume that the Federal Reserve acts to low interest values. How this will affect the United States economy?

  Which pizza-baking oven would you select and why

Mamma Mia's Pizza must replace its current pizza-baking oven. The two best alternatives are Crispy Cruster and Easy Baker. Assume an income tax rate of 50% and MARR after-taxes of 10% per year. Which pizza-baking oven would you select and why

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd