The table below gives the country's GDP,population size, and price level over a two-yearperiod.20182019Nominal GDP844918374Population240294Price index10097.55Given the information above, calculate thefollowing:(f) The Real GDP in 2019188.35188.35(g) Nominal GDP per capita growth rate between2018 and 2019117.4117.4(h) Real GDP per capita growth rate between2018 and 20190.81980010o

Here calculation of the following by using given information and correct the answer so the…

Answered: 2018 2019 Nominal GDP 8449 18374…

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2018 2019 Nominal GDP 8449 18374 Population 240 294 Price index 100 97.55

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

The table below gives the country's GDP,
population size, and price level over a two-year
period.
2018
2019
Nominal GDP
8449
18374
Population
240
294
Price index
100
97.55
Given the information above, calculate the
following:
(f) The Real GDP in 2019
188.35
188.35
(g) Nominal GDP per capita growth rate between
2018 and 2019
117.4
117.4
(h) Real GDP per capita growth rate between
2018 and 2019
0.8198
0010o

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