Use the bar graph from the World View "GDP per Capita around the World" to answer two questions. 63,080 GDP per Capita (2018) (in U.S. dollars)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Use the bar graph from the World View "GDP per Capita around the World" to answer two questions.
63,080
United
47,090
States
44,940
Germany
Canada
41,310
Japan
30,600
Korea
South
GDP per Capita (2018)
(in U.S. dollars)
21,600
Saudi
Arabia
11,124 10,230 9,460 9,180
World
average
Russia
China
Mexico
7,480
Cuba
2,020 1,960
India
Nigeria
800 790
Haiti
Ethiopia
Instructions: Enter your responses as a whole number.
a. If Haiti's per capita GDP of $800 were to DOUBLE every decade, what would Haiti's per capita GDP be in 30 years?
$
b. Compare (a) to the U.S. per capita GDP in 2018. What is U.S. per capita GDP in 2018 according to the bar graph?
$
Based on (a), if Haiti's per capita GDP of $800 were to DOUBLE every decade, Haiti's per capita GDP 30 years in the future would be
(Click to select) ✓ the 2018 GDP per capita in the United States.
Transcribed Image Text:Use the bar graph from the World View "GDP per Capita around the World" to answer two questions. 63,080 United 47,090 States 44,940 Germany Canada 41,310 Japan 30,600 Korea South GDP per Capita (2018) (in U.S. dollars) 21,600 Saudi Arabia 11,124 10,230 9,460 9,180 World average Russia China Mexico 7,480 Cuba 2,020 1,960 India Nigeria 800 790 Haiti Ethiopia Instructions: Enter your responses as a whole number. a. If Haiti's per capita GDP of $800 were to DOUBLE every decade, what would Haiti's per capita GDP be in 30 years? $ b. Compare (a) to the U.S. per capita GDP in 2018. What is U.S. per capita GDP in 2018 according to the bar graph? $ Based on (a), if Haiti's per capita GDP of $800 were to DOUBLE every decade, Haiti's per capita GDP 30 years in the future would be (Click to select) ✓ the 2018 GDP per capita in the United States.
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