Question

GDP per capita in 1990 International Dollars Year 0 $425 $439 1000 $420 1500 $545 World 1820 $675 $1,149 1,269 1995 $5,188 $19,990 The West $406 $624 West Europe 450 400 670 17,456 North America 400 400 400 1,233 Japan 400 425 525 675 22,933 19,720 $2,971 5,147 The Rest $423 $424 $532 $594 Other Europe 400 597 803 Latin America 400 400 450 415 671 5,031 China 450 600 415 600 525 400 Other Asia 425 425 560 2,653 2,768 1,221 Africa 400 400 400

Answer 1

a) Percent by which world GDP per capita grow from

1000 to 1500 = [(545 - 420)/ 420 ]*100

= 29.76 %

= 29.8% ( rounded to one decimal place)

b) from 1500 to 1820

= [(675 - 545) / 545]*100

= 23.85 %

= 23.9% ( rounded to one decimal place)

c) From 1820 to 1995

= [(5188 - 675) / 675]*100

= 668.59%

= 668.6% ( rounded to one decimal place)