The following table depicts statistics on GDP per capita (ie, GDP/population) in column (1) and its growth
Question:
The following table depicts statistics on GDP per capita (ie, GDP/population) in column (1) and its growth rate for the country groups (column 2) defined by GDP levels (High-income, Middle-income and Low-income). They are all expressed as real (constant) GDP.
(1) | (2) | (3) | |
Country group | GDP per capita (Year 2010) | Average annual growth rate of real GDP per capita (Year 2000-2010) | GDP per capita (Year 2088) |
High-income | 38,293 | 0.9% | ? |
Middle-income | 3,980 | 4.8% | ? |
Low-income | 507 | 3.0% | ? |
1) Approximate the GDP per capita for High-income, Middle-income and Low-income groups for the year 2088, and fill in column 3 of the Table.
2)Compute the ratio of GDP per capita of the different income groups in year 2088 (expressed in the one decimal point in %)
i.Middle- to High-income group
ii.Low- to High-income group
iii. Low- to Middle income group
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson