The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005 dollars). 1. Identify the countries that experienced sustained growth from 1920 to 2010.
The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005 dollars). 1. Identify the countries that experienced sustained growth from 1920 to 2010.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
Related questions
Question
The following table shows the GDP per capita since 1820 in selected
countries (in PPP-adjusted 2005 dollars).
1. Identify the countries that experienced sustained growth from 1920 to
2010.
![Average
growth
(1820-
2010)
1.65
Average
growth
(1920-
2010)
1.91
Countr
1820
1870 1920
1970
2010
y
United
$1,873 $3,365 $7,641 $20,684 $41,961
States
percent
percent
United
1.29
1.85
Kingdo $2,854 $4,390 $6,259 $14,817 $32,722
percent
percent
m
1.37
3.02
China
$826
$729 $760 $1,071 $11,054
percent
1.33
percent
1.62
Mexico $863
$896 $2,509 $5,945 $10,619
percent
percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fae3b8531-9aca-4494-abc6-87819f05546b%2Fa0ee6916-2f7f-468e-8c3b-4f425edf97fa%2Fht6xfo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Average
growth
(1820-
2010)
1.65
Average
growth
(1920-
2010)
1.91
Countr
1820
1870 1920
1970
2010
y
United
$1,873 $3,365 $7,641 $20,684 $41,961
States
percent
percent
United
1.29
1.85
Kingdo $2,854 $4,390 $6,259 $14,817 $32,722
percent
percent
m
1.37
3.02
China
$826
$729 $760 $1,071 $11,054
percent
1.33
percent
1.62
Mexico $863
$896 $2,509 $5,945 $10,619
percent
percent
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