Purchase Solution

GDP per capita

Not what you're looking for?

Ask Custom Question

According to the text the GDP per capita in the U.S. was $45,000 dollars in 2007. What will it be in 2017 given the following three assumptions with zero population growth?
0 percent growth rate in GDP
2 percent growth rate in GDP
4 percent growth rate in GDP

Purchase this Solution

Solution Summary

Response helps in calculating GDP per capita

Solution Preview

Future GDP= Present GDP *(1+Growth rate )^Duration

Hence
a) For 0 percent ...

Purchase this Solution


Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.