Economics: Other Economics Problems – #29401

Question: Pick any country in the world.

(a) Identify its level of GDP and GNI per capita for 2012. Which is higher? What’s the difference?

(b) Pick either GDP or GNI. What has been this country’s average growth rate for the last 5 years?

(c) Calculate what projected GDP per capita will be in 20 years assuming this growth rate trend continues? What about in 50 years?


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