The accompanying table shows data from the Penn World Table, Version 7.0, for real GDP per capita

Question:

(2005 U.S. dollars) in France, Japan, the United Kingdom, and the United States in 1950 and 2009.

Complete the table. Have these countries converged economically?

1950 2009 Real GDP per capita

(2005 dollars)

Percentage of U.S.

real GDP per capita Real GDP per capita

(2005 dollars)

Percentage of U.S.

real GDP per capita France $7,112 ? $30,821 ?

Japan 3,118 ? 31,958 ?

United Kingdom 10,401 ? 33,386 ?

United States 13,183 ? 41,102 ?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials Of Economics

ISBN: 9781429278508

3rd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

See More Books

Question Posted: Oct 02, 2024 06:00 AM

See More Questions

The accompanying table shows data from the Penn World Table, Version 8.0, for real GDP per capita (2005 U.S. dollars) in France, Japan, the United Kingdom, and the United States in 1950 and 2011....
1.10. The accompanying table shows data from the Penn World Table, Version 6.2, for real GDP per capita (2000 U.S. dollars) in France, Japan, the United Kingdom, and the United States in 1950 and...
Please helpFrom the text- please make one annotation per page Workbook please complete using the text 4 Files 4:01 PM Fri May '13 Insert Draw Layout Review View Unit 4Economic Indicators Name: HR:...
Pat has become concerned about the profitability and cash needs for the business as it grows. You have been asked to prepare some budgets for the second quarter of 2020: the three months of April,...
The income summary account has debits of $85,000 and credits of $75,000. The company had which of the following: A. Net income of $10,000. B. Net income of $160,000. C. Net loss of $10,000. D. Net...
Consider the following frequency table of observations on the random variable X: Values 0 1 2 3 4 Frequency 4 21 10 13 2 (a) Based on these 50 observations, is a binomial distribution with n = 6 and...
The accompanying table shows data from the Penn World Table, Version 7.0, for real GDP per capita (2005 U.S. dollars) in France, Japan, the United Kingdom, and the United States in 1950 and 2009....
The Moore Corporation has operating income (EBIT) of $750,000. The companys depreciation expense is $200,000. Moore is 100% equity financed, and it faces a 40% tax rate. What is the companys net...
A put and call option have an expiration date 6 months hence and an exercise price of 9.the interest rate for 6 months period is 3%, If the put has a market price of 2 and share is worth 10 per...
In your diagram, label the resulting point of production C. Using the Rule of 70, calculate by how many percent per year output per worker has grown now. d. As the economy of Androde moves from point...
The accompanying table shows data from the Penn World Table, Version 7.0, for real GDP per capita (2005 U.S. dollars) for Argentina, Ghana, South Korea, and the United States in 1960 and 2009....
Where are pedocals and pedalfers found in North America and why?
Politics isn't inherently bad. It is merely a way to get things accomplished within and organization. Do you agree or disagree? Defend your position. Which impression management techniques have you...
Question 4 (15 marks). Provided is the information on admission and training expense for the last four quarters of the year. Determine the standard error of estimate. (15 marks) Training Expense...
ed The citizens of Spencer County approved the issuance of $2,024,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established...
Assignment Overview: Design a diagram that depicts the relationship between ERP, MRP and MPS. Diagram should include a description of each (ERP, MRP and MPS) along with the key functions within an...
QUESTION ONE Assumethatyouareafinancialanalystattendingashareholders' meetingatPDQltdon behalfofyour employers, a large pension fund. Your entity is one ofthe few institutional investors in PDQ ltd,...
Two companies manufacture a rubber material intended for use in an automotive application. The part will be subjected to abrasive wear in the field application, so we decide to compare the material...
Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...

The accompanying table shows data from the Penn World Table, Version 7.0, for real GDP per capita

Question:

Step by Step Answer:

Essentials Of Economics

Students also viewed these Business questions