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Quiz:Quiz 1
Multiple fill-in-the-blank
Part 1The population and real GDP LOADING... for the United States is shown in the table below. Use it to answer the following questions.[table] YEAR | US POPULATION(in millions) | Real GDP (2000)(in billions) 2001 | 286286 | $9,8009,800 2002 | 289289 | $9,9969,996 2003 | 293293 | $10,29610,296 2004 | 296296 | $10,50210,502 [/table]The real GDP per capita LOADING... for 2002 is $[input]enter your response here . (Round your response to the nearest dollar.)Part 2The real GDP per capita for 2003 is $[input]enter your response here . (Round your response to the nearest dollar.)Part 3The growth rate of real GDP per capita from 2002 to 2003 is [input]enter your response here %. (Round your response to two decimal places.)
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Step-by-Step Analysis
To answer these questions, we need to compute real GDP per capita for 2002 and 2003, using the given real GDP (in billions) and population (in millions).
Step 1: Compute real GDP per capita for 2002.
- Real GDP (2000 base) in 2002: 9,996 billion dollars.
- Popula......Login to view full explanationLog in for full answers
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