12. The GDP per capita of the United States is equal to $28 020 and that of Chile is equal to $4860. a. Draw a graph with logarithmic scale that shows the GDP per capita of the United States and Chile. b. On the graph from question a., draw horizontal lines corresponding to a GDP per capita of $5, $50, $500, $5000 and $50 000. What do you notice? Explain!

12. The GDP per capita of the United States is equal to $28 020 and that of Chile is equal to $4860. a. Draw a graph with logarithmic scale that shows the GDP per capita of the United States and Chile. b. On the graph from question a., draw horizontal lines corresponding to a GDP per capita of $5, $50, $500, $5000 and $50 000. What do you notice? Explain!

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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