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# per capita GDP

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1. Answer the following question based on the following info.
Alta Zorn Alta Zorn
Year (real GDP) (real GDP) (population) (population)

1 \$2.000 \$150,000 200 500
2 \$2,100 \$152,000 202 505
3 \$2,200 \$154,000 210 508

Per capita GDP was about :

A. \$105 in year 3 in Alta
b. \$303 in year 3 in Zorn
c. \$ 200 in year 1 in Zorn
d. \$ 5 in year 2 in Alta

2. Answer the following question based on the following information:

Nominal Price
Year GDP index

1 \$550 140
2 \$560 135
3 \$576 120
4 \$586 117
5 \$604 108

The economy above has experienced a:

a. a decline nominal GDP
b. a rising price level
c. a declining real GDP
d. deflation

https://brainmass.com/economics/price-levels/per-capita-gdp-computed-340814

#### Solution Preview

Hello. I hope this helps.

(1) To determine per capita GDP, simply divide the GDP by the population for that given year (GDP/POP). For example, Alta's per capita GDP for year 3 (choice "a") would be 2200/210 (where 2200 is the GDP and 210 is the population. This equals a per capita GDP of 10.4 (so, you know choice ...

#### Solution Summary

This solution determines per capita GDP.

\$2.49