Question

Fill in the blanks in the table below. Nominal GDP growth Inflation Real GDP growth per capita 0% 5% 1% Country Svea Bonifay Chaires Drifton Estiffanulga Population growth 3% 1% 1% 1% L % % 3% 0% 6% -1% 2% 4% 8% T 3%

Answer 1

Answer:

Real GDP growth per capita = Nominal growth rate – Population growth – inflation

Country	Nominal GDP Growth	Population Growth	Inflation	Real GDP growth per capita
Svea	5%	3%	2%	0%
Bonifay	1%	1%	0%	0%
Chaires	10%	1%	6%	3%
Drifton	4%	1%	-1%	4%
Estiffanulga	8%	3%	2%	3%

Svea : Real GDP growth per capita = Nominal growth rate – Population growth - inflation

                                            0%     = 5% - 3% - Inflation   

                                 Inflation = 2 %

Binifay: Real GDP growth per capita = Nominal growth rate – Population growth - inflation

                                                          = 1 % - 1% - 0%

                                                           = 0%

Chaires: Real GDP growth per capita = Nominal growth rate – Population growth - inflation

                       3%   =    Nominal Growth rate -1 % -6%

Nominal Growth rate = 10 %

Drifton : Real GDP growth per capita = Nominal growth rate – Population growth - inflation

                 = 4 % -1% +1%

                  = 4 %

Estiffanulga : Real GDP growth per capita = Nominal growth rate – Population growth - inflation

          3% = 8 % - Population growth – 2 %

Population growth= 8% - 2% - 3% = 3%

Answer 2

GDP (6) Bonifay Real GDP growth per capita Nominal growth - Population growth - inflation. Using the above formula, a Svea o = 5% - 3% - x a = 2% a = 1-1% -0% al = 0 % (c) Chaires, 3% = x% -1% -6% - 10% = x d) Drifton, x = 4% -1% til x 24% le) Estiffanulga, 3.6= 8% -X- 2% 0 = 3..