12. The GDP (Gross Domestic Product) of China was $14.34 trillion in 2019, and the GDP of Sweden was $531 billion. The population of China was about 1.40 billion while the population of Sweden was about 10.2 million. Compare the GDP per capita (GDP per person) of the two countries.

12. The GDP (Gross Domestic Product) of China was $14.34 trillion in 2019, and the GDP of Sweden was $531 billion. The population of China was about 1.40 billion while the population of Sweden was about 10.2 million. Compare the GDP per capita (GDP per person) of the two countries.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 31P: Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa...

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12. The GDP (Gross Domestic Product) of China was $14.34 trillion in 2019, and the GDP of Sweden was $531 billion. The population
of China was about 1.40 billion while the population of Sweden was about 10.2 million. Compare the GDP per capita (GDP per person)
of the two countries.

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