Question

53,670 GDP per Capita (2013) 52,200 46,140 250 26,200 25,920 13,860 0,564 9,940 6,580 5700 2.160 1.570 810 470 In 1950 America's GDP per capita was appraximately $15,000 (in today's dolilars) How much higher in percentage ts Instructions: Round to the nearest two decimal places (a) Amernica's GDP per capita in 2013 compared to its GDP in 19507 b) How does China's and Canada's GDP in 2013 compare to America's GDP in 19507 )) China's in 19507

Answer 1

Answer

A) In 1950 America GDP =$15,000

In 2013 America GDP =$53670

So America % GDP higher = (In 2013 America GDP-In 1950 America GDP)*100/In 1950 America GDP=(53670-15000)*100/15000=257.8%

B)

i)

In 1950 America GDP =$15,000

In 2013 China GDP =$6560

So China % GDP of America GDP in 1950  = (In 2013 China GDP)*100/In 1950 America GDP=6560*100/15000=43.73%

ii)

In 1950 America GDP =$15,000

In 2013 Canada GDP =$52200

So Canada % GDP of America GDP in 1950 = (In 2013 Canada GDP)*100/In 1950 America GDP=52200*100/15000=348%