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Consider the following dataTablc 444 1988 infanl morualit; And 1987 hcxltk e penditures domcslic procucl Inr Iciccicd counirics_percentsge grossCnunireIhIC Inmane M...

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Consider the following dataTablc 444 1988 infanl morualit; And 1987 hcxltk e penditures domcslic procucl Inr Iciccicd counirics_percentsge grossCnunireIhIC Inmane Morlal1987 Healih Expenditures Percenlxge CDPTnan Sneden Finland Nelhetlands SuItzcrland Cinad] West Gernune DentnarFrangSpuin Al-nJ Norw J Auetralia Ireland Uniled Kingdom BelgiumUnited States {-landCicccc Portug'Inlani morally Tle (rom Nationsl Cenier Ior Hcallh Statistlcs 1992 Tablc 25, expenditu Irom Nalianz Cenlc Hralih Statc

Consider the following data Tablc 444 1988 infanl morualit; And 1987 hcxltk e penditures domcslic procucl Inr Iciccicd counirics_ percentsge gross Cnunire IhIC Inmane Morlal 1987 Healih Expenditures Percenlxge CDP Tnan Sneden Finland Nelhetlands SuItzcrland Cinad] West Gernune Dentnar Frang Spuin Al-nJ Norw J Auetralia Ireland Uniled Kingdom Belgium United States {-land Cicccc Portug 'Inlani morally Tle (rom Nationsl Cenier Ior Hcallh Statistlcs 1992 Tablc 25, expenditu Irom Nalianz Cenlc Hralih Statc 149 "nfan graueMle deuih intaniundat JKPet IUWu e Dut Int heultr



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The table shows the 2013 estimated populations and gross domestic products (GDP) for several countries, given in scientific notation. Find the per capita GDP for each country. (Sources: U.S. Census Bureau; Central Intelligence Agency).$$\begin{array}{|c|c|c|} \hline \text { Country } & \text { Population } & \text { GDP (in U.S. dollars) } \\ \hline \text { Brazil } & 2.01 \times 10^{8} & 2.19 \times 10^{12} \\ \text { Canada } & 3.46 \times 10^{7} & 1.83 \times 10^{12} \\ \text { Germany } & 8.11 \times 10^{7} & 3.59 \times 10^{12} \\ \text { India } & 1.22 \times 10^{9} & 1.76 \times 10^{12} \\ \text { Iran } & 7.99 \times 10^{7} & 4.12 \times 10^{11} \\ \text { Ireland } & 4.78 \times 10^{6} & 2.21 \times 10^{11} \\ \text { Mexico } & 1.19 \times 10^{8} & 1.33 \times 10^{12} \\ \hline\end{array}$$

Okay, so for this question, it ask whether the statistics in the phone table are consistent with the egg mommy girl. Small. Those predictions of catch up. So, firstly, what do you mean by the production of catch up? It's actually saying that April country the catch of a fact of predicts that country's was a lower level GDP per capita really grow faster than Kendra's with a higher level TV people, Captain. So basically, we can see that there are several countries that's neat definition off, catch up, prediction off catch up so we can see that actually, China and, uh, I owned and also U s, the story can interest, actually historic interest are consistent with a catch A prediction because China's GDP in the year 1960 is a lowest among this white countries. So the growth rates in real GDP captain is the highest. I'm honest white country. So China need this catch up prediction. And for islands, you can see that if we compare China, Alan's and US island is granted a 2nd 2nd lowest. And if you read the second lawyers, you can see that the growth rate off it is more than trying China's growth rate. But it's higher than us, well straight. So islands also meet this catch. A prediction and spirit and sensing for the United States is United States. Has United States have the highest possible real GDP in 90 60 and the growth rate being real GDP is actually also the lowest among the strait country, China islands and US S. So this tree countries meets you, catch a prediction and work about Ganda and mod Augusta so these Jew can tress. So these two countries doesn't need this catch up prediction because agenda is actually on the second lowest real GDP 90 60 which is only a bit higher than China's. So that means that gross right? Well, ganda should be a bit lower than China. China's girls rates, but should be higher than all the rest countries. But the case is that it's not is rent the force among these white countries and growth rates. So Ganda is a need this catch up addiction and the same thing for other guests now, so Maddon NAFTA has served lowest real GDP people capture in 90 60 so in John Away say that the growth rate, in reality, you should also rent at a surge because there are only five countries here. But you can see that gross rating LGBT people Mother guessed out, is actually Anak ITU member, so it doesnt lead us catch up prediction.

Okay. Also for this question asked us. Cheers. Match each level Countries with a growth that fast defense suit the relationship between the initial lot off world you people capital and the girls right off road. You, captain, for that group. So the first graph, the number one grab it is a holy is on the line. Basic queens. That initial level grill Julie People kept oh in questioning, but the growth rates in real GDP doesn't change. So actually, you see that most countries on this curve uh, Santa slide is growth. So means that most of the ward hasn't been catching up. Was United States okay? And what about the gruff number two? So on this grass, gravel means that initial level real groovy people capital in Chris that grows in real GDP. People capital depress. So for this candle down, works will be lying actually matched experience off currents. Currently kite income Pinterest indicating that these countries helping catch off a mom like hot income countries. So that's the reason why it is a done worse will be one and with a certain growth. So the initial level real GDP, people capital in Crist and grocery old GE Capital. Also, papers show this candlelight slightly upward sloping line match the experience off last in your countries and also Canada and Japan indicating that of his high income countries have stopped catching up to the United States. So if you want to check more, why the grafts looks like this, you need to go back and with further off figure, allow a Salinger in love and light and you will see that they're somewhat evolution between the real GDP portals, countries relative to the United States, real GDP and you understand why it is for groups masterplan Kansas countries.

So for number 11 there two parts to that that we need to take into account, the first of which is Ussing. What does that roughly 88% residual mean So that 88% residual, um basically means that 88% and I'm rounding of variability or variation is of that GDP is being shown in a scatter plot. So then the question is, Is that enough? And so, um, that might not be enough by itself. You want to definitely check the residual, and that will finish part A is you'll check the residual. So then, in part B, we look at that residual, and it is definitely occur. So because the residual is her, the original model that we're seeing is not appropriate is not good. So in summary again, the residual is curve. And so it's not, um, inappropriate model

So for this question, we're giving a data on the U. S. Economic with the year the nominal to repeat on the GDP deflator. So the year it's 2018 1998 we're also giving the nominal GDP Sure on the GDP deflator, this is 110.4 on 75.3. So the first question I say's what was the growth rate of the nominal GDP between 1998 on 2000 and eight on the growth rate of variable X over on any a period is it gives us a formula for that. So we need to know that the nominal gross domestic products, which is an GDP, is the sum of the values of all the goods and services produced in the country using the currency of prices and the time period. So to calculate the growth rates of the nominal GDP from yet 1988 to 2000 and eight, would be growth rates would be to 20,501 divided by the one for 1998. 9000 and 63. There s two part 1/20 because the 20 years in between them a minus one one. Supply by 100 of the one. So this is going to give you 2.26 raised apart one, about 20 minus one. What? Supplied by Andre on this is equal to 1.417 minus one multiplied by 100. And this is equals of 4.17%. So the growth rate from 1998 stolen 18. 84.717%. Now moving on to the next question. What was the growth rate of the GDP deflator between both years? So for that the growth rate of the GDP deflator Basically, we are using the GDP deflator we're giving. So there will be quote too. 100 110.4 divided by divided by 75 points. Three. Which is the old are you? Where's the power? One about 20 difference. In years, minus one, they multiplied by 100. So this is equal to 1.466 rested by one, about 20 minus one. Multiply by 100 and this is equal to 1.193 minus one not supplied by 100 on. Therefore, the growth rates of the G d p D for Toby. 1.93%. Yeah, now moving on to the next question. What was the view? GDP in 1998 measured in 2000 and 12 prices. Now the way GBP 1998 is the nominal GDP, divided by the GDP. Inflater multiplied by 100 of the one that's equal to 20,501 divided by 100 and 10.4 one. Supply by 100 on why you serve this out is going to give you 18,000 $570. So this is the real GDP United 90 AIDS and I will move to the next question. It says. What was the real GDP in 2018 measured in 2012 prices? So the real GDP in 2018 Well, because the same formula on it is 9000 and 6 63 divided by 75 points. Three. Let's supplied by 100 of a one, and this is going to give you 12,000 on Texas $6 Now. The next question. What was the growth rate off real GDP between both years? The growth rate off Rio GDP between both years. Yeah, 1998 on 2000 and 18. So the growth rate is going to be 5 18,070 divided by what we got here. 12,000 and 36. What supplied by one about Sweeney, which is different years minus one. They multiplied by 100 that way. Open up the brackets, you get 1.52 89 wrist about one, about 20 minus one multiplied by 100. And this is equal to 1.21 night, minus one multiplied by 100. And therefore, the growth rate of the real GDP between the two years is he quotes a 2.19%. And now the final question was the growth rate of nominal GDP ia Ottawa than the growth rate of GDP. So I want to know what group was a great deal of nominal G d t p I. R. Lower than the growth rates off off the real GDP. So So you can see that the growth rates in the real GDP we go back to go to a real GDP because see those 2.19 on we go back the growth, the room, the growth rate off the real GDP. You want to go back, you can see the growth rates off the real GDP. So if you look at it, we can tell from the from the comparison that the growth rate in the view of GDP is less than the growth rate in the nominal GDP. So the growth rates in view GDP is less done. The growth rates, you know me now, GDP. Yeah. So the reason behind this is that some of the growth rates of the nominal GDP is compensated by the growth rates off the GDP deflator that is inflation. Medicine regards effects on the view GDP. So because, say, the growth rate off the GDP inflate off compensates some off the growth rates of a nominal GDP. Sure, and that's the eso.


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