The text makes numerous cross-country comparisons, but that does not mean that we have to restrict our analysis to countries. Consider the per capital real GDP data for six U.S. states between 1997 and 2018. California West Virginia New York Texas Colorado Ohio 1997 42,792 32,627 53,846 45,091 47,335 42,086 2008 67,698 39,495 73,531 58,417 59,057 51,456 What is the difference in terms of average growth rate between the fastest growing state and the slowest growing state? Please answer with one significant figure after the dot.
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- The figure depicts the annual number of hours worked against GDP per capita in the US, France, and the Netherlands between 1870 and 2000. Which of the following is true? (OUP-U3-Q3-01) Annual hours worked 3.500 1800 3,000 1900-191 2,500 2.000 1,500 L000 1870 1,000 1929 1929 1900 19501960 FRANCE 1938 6.000 1973 1973 11.000 1973 1980 1960 1990 1995 16,000 GOP per capita 1500 2000 2000 NETHERLANDS 21,000 US 21,000 2000 1) The graph proves that workers in the US produce higher outputs than their counterparts in France or the Netherlands because they work longer hours. 2) US workers have always worked longer hours than French or Dutch workers have. 3) The Great Depression in 1929 had the effect of reducing both hours worked and output in both the US and France. 4) As GDP per capita increases, the number of hours worked continues to fall in all countries shown.The table below shows the annual population and nominal total GDP for New Zealand. Based on the data, which of the following options are correct? Select one correct answer. 4 Year 2015 2016 New Zealand Key Figures GDP (Current US $) $ 178,064,471,137.92 $ 188,838,342,527.98 Population 4,609,400 4,714,100 O GDP per capita in 2016 was $40,058.20 GDP per capita fell by 3.70% in 2016 compared to the previous year O New Zealand's population and GDP both rose such that the overall GDP per capita growth rate was zero O GDP per capita rose by 3.56% in 2016 compared to the previous yearThe text makes numerous cross-country comparisons, but that does not mean that we have to restrict our analysis to countries. Consider the per capital real GDP data for six U.S. states between 1997 and 2018. 1997 2008 California 42,792 67,698 West Virginia 32,627 39,495 New York 53,846 73,531 Texas 45,091 58,417 Colorado 47,335 59,057 Ohio 42,086 51,456 What is the difference in terms of average growth rate between the fastest growing state and the slowest growing state?
- The following is the graph of the natural log of UK real GDP per capita between 1875 and 2014: Based on this information, which of the following statements is correct? Log of real GDP per capita 11.0 10.5 10.0 9.5 9.0 8.5 8.0 7.5 -068T ა c Year Show Transcribed Text y-0.0156x 7.7734 R-0.9445 (A) The graph shows that real GDP per capita in the UK in 1955 was about £8,000. (B) The slope of the best-fit straight line is the average annual growth rate. (C) The graph shows that the average growth rate was lower in the decades after 1921 than in the decades before 1918. (D) The graph of real GDP per capita plotted using a ratio scale would look very different to the graph above.The text makes numerous cross-country comparisons, but that does not mean that we have to restrict our analysis to countries. Consider the per capital real GDP data for six U.S. states between 1997 and 2018. California West Virginia New York Texas Colorado Ohio 1997 42,792 32,627 53,846 45,091 47,335 42,086 2008 67,698 39,495 73,531 58,417 59,057 51,456 What is the difference in terms of average growth rate between the fastest growing state and the slowest growing state? Please answer with one significant figure after the dot.The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter plots) and the trajectories since 1760 for a few representative countries (the paths). Based on this information, which of the following statements is correct? 40,000 US (1800-1990) 35,000- Switzerland 30,000 - (1990) UK (1760-1990) 1953 25,000 - Japan (1870-1990) 1973....A 20,000 - Taiwan (1901-1990). 15,000 - 1910 10,000 - 1910 5,000 - .1760 1800 ʻIndia (1860-1990) 0- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Capital per worker (1985 PPP $) Select one: а. There is no clear evidence of technological progress in GDP per worker in the US. b. Taiwan was more capital intensive than the UK in 1990. O c. The average product of capital (Y/K) has been higher in Japan than in the UK over the years shown. d. Switzerland has been the most successful country in attaining a high GDP per worker for a given amount of capital per worker. GDP per worker (1985 PPP $)
- Using the data In the table below related to nominal GDP, real GDP, and total population, answer the questlons for the time perlod 2012-2017: Real GDP (in Millions) (2012 Base Year) Population (in Millions) Nominal GDP (in (suo 282.4 000 10,128,000 513,131.000 000 13,262,000 285.5 13,493.000 288.8 000'89 13,879,000 291.0 000'096 0 2004 14,406,000 203.7 2005 12,422,000 14,913,000 296.6 13,178,000 900 000'808 14,291,000 15,605,000 800 13,930,000 15,200,000 600 14,524,000 000'889 2011 15,518,000 15,841,000 311.7 2012 16,163,000 16,197,000 314.0 16,768,000 16,495,000 316.2 16,912,000 318.6 000 000 18,954,000 17,432,000 17,731,000 323.1 000' 20,612,000 325.1 327.1 2019 21,433,000 329.1 Instructlons: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2012 and 2017. For 2012: Nominal GDP per capita = $ %3D Real GDP per caplta = $ For 2017: Nominal GDP per…Year Real GDP per Capita 1985 6,000 1986 6,300 1987 6,700 1988 7,200 1989 7,850 1990 8,250 1991 8,450 1992 8,550 1993 8,575 1994 8,510 1995 8,370 1996 8,100 1997 7,950 1998 7,925 1999 7,960 2000 8,035 2001 8,155 The information above describes the real GDP per capita for a country for the period from 1985 through to 2001. I.…Using the data In the table below related to nominal GDP, real GDP, and total population, answer the questlons for the time perlod 2010-2019: Real GDP (in Millions) (2012 Base Year) Population (in Nominal GDP (in Millions) Year (suo!W 282.4 000 10,128.000 13,262.000 285.5 2002 288.6 000 291.0 2004 12,422,000 14.913.000 296.6 13,178,000 9002 8887 15.626,000 000 808 14.291.000 15,605.000 800 600 2010 14,524,000 2011 15,518,000 15.841.000 311.7 2012 16,163,000 16,197,000 2013 16,768,000 16,495,000 316.2 2014 16,912,000 318.6 2015 17,432,000 2016 18,954,000 17,731,000 323.1 2017 19,543,000 18,144,000 325.1 2018 20,612,000 18,688,000 327.1 2019 21.433,000 329.1 Instructlons: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: Nominal GDP per capita = $ Real GDP per capita = $ For 2019: Nominal GDP per capita = $ %3D Real GDP per…
- The GDP data collected for the current year for a number of countries are called _____. Select one: a. cross-section data b. time-series data c. panel data d. experimental dataUsing the data in the table below related to nominal GDP, real GDP, and total population, answer the questions for the time period 2010-2019: Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Nominal GDP (in Millions) $9,817,000 10,128,000 10,469,000 10,960,000 11,685,000 12,422,000 13,178,000 13,808,000 14,291,000 13,939,000 14,524,000 15,518,000 16,163,000 16,768,000 17,393,000 18,037,000 18,954,000 19,543,000 20,612,000 21,433,000 For 2019: Nominal GDP per capita = $ Real GDP per capita = $ Real GDP (in Millions) (2012 Base Year) % $13,131,000 13,262,000 13,493,000 13,879,000 14,406,000 14,913,000 15,338,000 15,626,000 15,605,000 Instructions: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: 15,209,000 15,599,000 15,841,000 16,197,000 16,495,000 16,912,000 17,432,000…Study Problem 4-4 (algo) The data for three countries (all with the same base year, with figures converted to Canadian dollars) are shown in the table below. Calculate the real GDPS per capita for each country and rank them in size by filling out the table on the right. Give your answers to the nearest dollar Altria Bergan Casper Population (in Millions) 50 130 275 Nominal GDP ($ Billions) 750 3,000 3,600 Price Index 2009 = 100 110 120 155 Rank 1. 2. Country (Click to select) (Click to select) (Click to select) Real GDP per capita $ $ $