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4. Calculate GDP/capita.
Compare well being in different countries.
Based on the following data, people in which country are better off?
Country A: GDP = $2000 B; population = 50,000,000
Country B: GDP = $3000 B; population = 100,000,000

2007-03-27 14:19:30 · 3 answers · asked by LAROCA 1 in Social Science Economics

3 answers

country A =
2 trillion dollars divided by 50 million people = $40,000 dollars average per person annualy...

country B =
3 trillion dollars divided by 100 million people = $30,000 dollars average per person annually...

In this case persons in country A should be better off than persons in country B to the tune of an additional $10,000 dollars per annum.

Does this help any?

2007-03-29 13:22:33 · answer #1 · answered by Anonymous · 0 0

GDP per capita in Country A = $2000 / 50,000,000 = 0.00004

GDP per capita in Country B = $3000 / 50,000,000 = 0.00003

Using GDP per capita as a proxy for well being, you can say that people in Country A are better off.

2007-03-27 14:47:08 · answer #2 · answered by fernpalmnj 1 · 0 0

You click on answers and you find a q that you can answer, click on the blue line with the q and click answer this q and then answer it in the box and click on preview and then click on submit and if you don't really know the answer then use the "research your answer" box and then use then copy the liink u got ur answer to and put it in "Know your source? List it here:" and then click preview then submit.

2007-03-27 14:35:49 · answer #3 · answered by Aaliyah 2 · 0 0

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