The following table gives nominal GDP, real GDP, and the population for two years. Find per...

Question

Question

The following table gives nominal GDP, real GDP, and the population for two years. Find per...

The following table gives nominal GDP, real GDP, and the population for two years.

Find per capita real GDP in each year and fill in the table.

(Round

your answers to two decimal places.)

Year	Nominal GDP	Real GDP	Population	Per Capita Real GDP
2010	5600	4870	100
2011	6048	5040	104

business economics

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Answer 1

Answer #1

Per capita real GDP is real GDP divided by population

For 2010, Per capita real GDP is found at 4870/100 = 48.70

For 2011, Per capita real GDP is found at 5040/104 = 48.46

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Answer 2

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