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From 2015 to 2018, the following statistics apply to Country A and Country B is depicted in the table below. What was the real GDP per capita growth rate for Country B? a b Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. C 4% 8% Nominal GDP growth Inflation 169 Population growth Net exports growth Country A Country B 4% 8% 4% 4% -1% 8% 10% -2%

From 2015 to 2018, the following statistics apply to Country A and Country B is depicted in the table below. What was the real GDP per capita growth rate for Country B? a b Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. C 4% 8% Nominal GDP growth Inflation 169 Population growth Net exports growth Country A Country B 4% 8% 4% 4% -1% 8% 10% -2%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Please help solve what was the real GDP per capita growth rate for Country B.

The image presents a list of values labeled from "a" to "i" with corresponding percentages. These percentages indicate various data points which could be part of a statistical analysis or various metrics in a study. Here is the transcription of the list: - a: 4% - b: 8% - c: 16% - d: 20% - e: 12% - f: -4% - g: -8% - h: -12% - i: -20% There are no graphs or diagrams accompanying these percentages in the image.
Transcribed Image Text:The image presents a list of values labeled from "a" to "i" with corresponding percentages. These percentages indicate various data points which could be part of a statistical analysis or various metrics in a study. Here is the transcription of the list: - a: 4% - b: 8% - c: 16% - d: 20% - e: 12% - f: -4% - g: -8% - h: -12% - i: -20% There are no graphs or diagrams accompanying these percentages in the image.
Here is a transcription of the text and description of the data for an educational website: --- **Question:** From 2015 to 2018, the following statistics apply to Country A and Country B, as depicted in the table below. What was the real GDP per capita growth rate for Country B? **Data Table:** | | Country A | Country B | |---------------------------|-----------|-----------| | **Nominal GDP growth** | 4% | 8% | | **Inflation** | 4% | 4% | | **Population growth** | -1% | 8% | | **Net exports growth** | 10% | -2% | **Options to Select an Answer:** - **a)** 4% - **b)** 8% - **c)** 16% - **d)** 20% *Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.* --- **Explanation:** - **Nominal GDP Growth:** This measures the increase in a country's GDP without adjusting for inflation. - **Inflation:** The rate at which the general level of prices for goods and services is rising. - **Population Growth:** The rate at which the number of individuals in a population increases. - **Net Exports Growth:** The growth rate of a country's exports minus its imports. To calculate the real GDP per capita growth, adjust the nominal GDP growth by removing inflation and account for the population growth: Real GDP Growth Rate = Nominal GDP Growth - Inflation Real GDP per Capita Growth Rate = Real GDP Growth Rate - Population Growth For Country B: 1. Real GDP Growth = 8% - 4% = 4% 2. Real GDP per Capita Growth = 4% - 8% = -4% The correct answer would be different from the options provided, but the procedure is shown above.
Transcribed Image Text:Here is a transcription of the text and description of the data for an educational website: --- **Question:** From 2015 to 2018, the following statistics apply to Country A and Country B, as depicted in the table below. What was the real GDP per capita growth rate for Country B? **Data Table:** | | Country A | Country B | |---------------------------|-----------|-----------| | **Nominal GDP growth** | 4% | 8% | | **Inflation** | 4% | 4% | | **Population growth** | -1% | 8% | | **Net exports growth** | 10% | -2% | **Options to Select an Answer:** - **a)** 4% - **b)** 8% - **c)** 16% - **d)** 20% *Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.* --- **Explanation:** - **Nominal GDP Growth:** This measures the increase in a country's GDP without adjusting for inflation. - **Inflation:** The rate at which the general level of prices for goods and services is rising. - **Population Growth:** The rate at which the number of individuals in a population increases. - **Net Exports Growth:** The growth rate of a country's exports minus its imports. To calculate the real GDP per capita growth, adjust the nominal GDP growth by removing inflation and account for the population growth: Real GDP Growth Rate = Nominal GDP Growth - Inflation Real GDP per Capita Growth Rate = Real GDP Growth Rate - Population Growth For Country B: 1. Real GDP Growth = 8% - 4% = 4% 2. Real GDP per Capita Growth = 4% - 8% = -4% The correct answer would be different from the options provided, but the procedure is shown above.
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