Calculate the per capita gdp for each country

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MATC Online Campus - Principles of Macroeconomics 202-904.

I. Consider the following table for an economy that produces only four goods: Goods & Services 1995 Price 1995 Quantity 2015 Price 2015 Quantity Pizza $ 4 10 $ 8 12 Cola 12 20 36 15 T-shirts 6 5 10 15 Business equipment 25 10 30 12 Assuming a 1995 base year, a. What is nominal GDP for 1995 and for 2015? b. What is real GDP for 1995? for 2015? Get the instant assignment help.

II. Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of $9 billion (measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.

III. In 1980, Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million. In 2000, Denmark had a GDP of $160 billion (measured in U.S. dollars) and a population of 5.3 million. By what percentage did Denmark's GDP per capita rise between 1980 and 2000?

Reference no: EM133918378

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