5. Nation A's real GDP was $520 billion in 2009 and $550 billion in 2010. Its population was 150 million in 2009 and 155 million in 2010. On the other hand, Nation B's real GDP was $200 billion in 2009 and $210 billion in 2010; and its population was 53 million in 2009 and 55 million in 2010. Which nation has a higher Real GDP per capita?
5. Nation A's real GDP was $520 billion in 2009 and $550 billion in 2010. Its population was 150 million in 2009 and 155 million in 2010. On the other hand, Nation B's real GDP was $200 billion in 2009 and $210 billion in 2010; and its population was 53 million in 2009 and 55 million in 2010. Which nation has a higher Real GDP per capita?
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 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....
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![5. Nation A's real GDP was $520 billion in 2009 and $550 billion in 2010. Its population
was 150 million in 2009 and 155 million in 2010. On the other hand, Nation B's real GDP
was $200 billion in 2009 and $210 billion in 2010; and its population was 53 million in
2009 and 55 million in 2010. Which nation has a higher Real GDP per capita?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F463cb2e4-14c7-484e-bd66-dba650a14f4c%2Fa97a3f73-7f26-4308-a08f-94b88ae02fe6%2Fr9kbqou_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. Nation A's real GDP was $520 billion in 2009 and $550 billion in 2010. Its population
was 150 million in 2009 and 155 million in 2010. On the other hand, Nation B's real GDP
was $200 billion in 2009 and $210 billion in 2010; and its population was 53 million in
2009 and 55 million in 2010. Which nation has a higher Real GDP per capita?
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