GDP per Capita around the World The American standard of liv

GDP per Capita around the World The American standard of living is nearly five times higher than the average for the rest of the world. People in the poorest nations of the world (e.g. Halti, Ethlopla) barely survive on per capita Incomes that are a tiny fraction of U.S. standards. Source: The World Bank, www.worldbank.org 53,670 GDP per Capita (2013) 52,200 46,140 250 26,200 25,920 3,860 10,564 9,940 6,560 5,700 2.160 1,570 810 470 Instructions: Enter your response rounded to the nearest whole dollar amount (a) Ir Hat?\'s per capita GDP of roughly $810 were to DOUBLE every decade, what would Haini\'s per capita GDP be in 50 years? (b) What is U.S. per capita GDP in the \"World View above?

Solution

a) answer - $25920

Reason - if Haltis per capita is $810 now it will become $1620 after 10 yrs , $3240 after 20 years, $6480 after 30 years, $12960 after 40 years and $25920 after 50 years.

b) answer - $53670