contestada

In May​ 2013, the value of the Consumer Price Index​ (CPI) in a certain​ country, Polonia, reached an​ all-time high of 185 index points and per capita nominal GDP was ​$42 comma 200. In January​ 1950, the CPI was at its lowest at 58 index points. Per capita nominal GDP in 1950 was ​$10 comma 900. Calculate real GDP per capita for 1950 by converting that​ year's nominal GDP per capita into current​ (2013) dollars. For​ 1950, real GDP per capita​ (in 2013​ dollars) was ​$ nothing. ​(Round your response to one decimal place​.)

Respuesta :

Answer:

Real GDP per capita​ (in 2013​ dollars) was 34767.2

Explanation:

For computing, the real GDP per capita for 2013, the following formula should be used

Real GDP per capita in 1950= (Real GDP per capital in 1950 ÷ CPI in 1950 ) × CPI in 2013

= $10,900 ÷ 58 × 185

= 34767.2

Simply, we do proportion to get the Real GDP for 2013 year based on the Real GDP for the 1950 year.

The other items should not be considered in the computation part. Hence, ignored it.

Otras preguntas