The accompanying table shows data from the Penn World Table, Version 8.0, for real GDP per capita
Question:
The accompanying table shows data from the Penn World Table, Version 8.0, for real GDP per capita (2005 U.S. dollars) in France, Japan, the United Kingdom, and the United States in 1950 and 2011. Complete the table.
Have these countries converged economically?
Transcribed Image Text:
France Japan United Kingdom United States Real GDP per capita (2005 dollars) $6,475 2,329 9,669 1950 15,136 Percentage of U.S. real GDP per capita ? ? ? ? Real GDP per capita (2005 dollars) $29,476 31,587 32,079 2011 42,244 Percentage of U.S. real GDP per capita ? ? ? ?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Country 1960 Real GDP Per Capita2005 USD 2011 Real GDP Per Capita2005 USD Percenta...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The accompanying table shows data from the World Bank, World Development Indicators, for real GDP per capita (2010 U.S. dollars) in France, Japan, the United Kingdom, and Canada in 1960 and 2015....
-
The accompanying table shows data from the Penn World Table, Version 8.0, for real GDP per capita in 2005 U.S. dollars for Argentina, Ghana, South Korea, and the United States for 1960, 1970, 1980,...
-
The accompanying table shows data from the Penn World Table, Version 7.1, for real GDP per capita (in 2005 U.S. dollars) for Canada France, Japan, the United Kingdom, and the United States in 1960...
-
Some will argue that KPMG inappropriately subordinated its judgments to Xerox preferences. How could accounting firms ensure that auditors do not subordinate their judgments to client preferences on...
-
1. You wish to retire with $5 Million in 38 years. You estimate you will earn 8% annually on your investments. How much must you invest each year in order to reach your goal? a) Ordinary (1st payment...
-
You drive an old car on a straight, level highway at \(45 \mathrm{mi} / \mathrm{h}\) for \(10 \mathrm{mi}\), and then the car stalls. You leave the car and, continuing in the direction in which you...
-
Table B.23 contains player efficiency ratings (PER) from the 2016-17 and 2017-18 NBA combine that evaluates 60 rookies hoping to be drafted by NBA teams. PER is a measure of a player's per-minute...
-
Compute the payback period for each of these two separate investments (round the payback period to two decimals): a. A new operating system for an existing machine is expected to cost $250,000 and...
-
Dennis purchased $250 000 in 182-day T-bills 100 days before maturity to yield 3% on simple discount. After holding it for 50 days, Dennis sold the T-bill at yield of 3.5% on discount basis a) How...
-
The accompanying table shows data from the Penn World Table, Version 8.0, for real GDP per capita (2005 U.S. dollars) for Argentina, Ghana, South Korea, and the United States in 1960 and 2011....
-
The Bureau of Labor Statistics regularly releases the Productivity and Costs report for the previous month. Go to www.bls.gov and find the latest report. (On the Bureau of Labor Statistics home page,...
-
As a result of friction, the angular speed of a wheel changes with time according to where 0 and / are constants. The angular speed changes from 3.50 rad/s at t = 0 to 2.00 rad/s at t = 9.30 s. Use...
-
At a typical location in the United States, the earth's magnetic field has a magnitude of \(5.0 \times 10^{-5} \mathrm{~T}\) and is at a \(65^{\circ}\) angle from the horizontal. What is the flux...
-
The voltage across a \(60 \mu \mathrm{F}\) capacitor is described by the equation \(v_{\mathrm{C}}=(18 \mathrm{~V}) \cos (200 t)\), where \(t\) is in seconds. a. What is the voltage across the...
-
Three resistors in parallel have an equivalent resistance of \(5.0 \Omega\). Two of the resistors have resistances of \(10 \Omega\) and \(30 \Omega\). What is the resistance of the third resistor?
-
If a patient receives a series of jolts, the resistance of the torso may increase. How does such a change affect the initial current and the time constant of subsequent jolts? A. The initial current...
-
A \(100 \mathrm{~W}\) lightbulb is brighter than a \(60 \mathrm{~W}\) lightbulb when both operate at the same voltage of \(120 \mathrm{~V}\). If, instead, they were both operated at the same current...
-
A few years ago, the Boston Globe reported that the city of Boston planned to spend $14 million to convert the FleetCenter sports arena and entertainment center into an appropriate venue for the...
-
B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank...
-
In the United States, 2015 was a bad year for growing wheat. And as wheat supply decreased, the price of wheat rose dramatically, leading to a lower quantity demanded (a movement along the demand...
-
In the United States, 2015 was a bad year for growing wheat. And as wheat supply decreased, the price of wheat rose dramatically, leading to a lower quantity demanded (a movement along the demand...
-
A 2015 article published by the American Journal of Preventive Medicine studied the effects of an increase in alcohol prices on the incidence of new cases of sexually transmitted diseases. In...
-
1. A tensile load is applied to a round steel rod with diameter d=4.2mm. The stress in the rod is =- as described in the F A reading. If this steel can handle a stress of 250 MPa, what is the tensile...
-
Find the equivalent stiffness for the system shown: K beam m stiffness =KE bar stiffness = beam Rigid, massless plate 2x (2 2K (2
-
Figure A1-1 shows a cross-section through a 5 mm diameter braided steel flexible cable that is used on a farm trailer. The cable has a failure load of 25 kN and comprises 7 bundles of 19 individual...
Study smarter with the SolutionInn App