Principles of Macroeconomics 2e
Principles of Macroeconomics 2e
2nd Edition
ISBN: 9781947172388
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 6, Problem 32P

In 1980, Denmark had a GDP of $ 7 0 billion (measured in U.S. dollars} and a population of 5.1 million. In 2 000 , Denmark had 3 GDP of $ 16 0 billion (measured in U.S. dollars} and a population of 5.3 million. By what percentage did Denmark’s GDP per capita rise between 1980 and 2000?

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1. A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate fund, and the third is a (riskless) T-bill money market fund that yields a rate of 8%. The probability distributions of the risky funds have the following characteristics: Standard Deviation (%) Expected return (%) Stock fund (Rs) 20 30 Bond fund (RB) 12 15 The correlation between the fund returns is .10.

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