Questions
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 | 281281 | $9,9009,900 2002 | 284284 | $10,09810,098 2003 | 288288 | $10,40110,401 2004 | 291291 | $10,60910,609 [/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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The task provides a multi-part question asking for real GDP per capita for 2002 and 2003, and then the growth rate of real GDP per capita from 2002 to 2003. I will walk through the calculations step by step.
First, restating the data we have from the table for clarity:
- 2002: Population = 284,284 thousand (i.e., 284.284 million); Real GDP (in 2000 dollars) = 10,098 billion.
- 2003: Population = 288,288 thousand (i.e., 288.288 million); Real ......Login to view full explanationLog in for full answers
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