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1. Carefully explain the reasons behind the growth or decline of each of the variables in the 4 years period below for India. 2. Explain
1. Carefully explain the reasons behind the growth or decline of each of the variables in the 4 years period below for India.
2. Explain why these numbers are important to the people of India.
Variables /year INDIA | 2018 | 2019 | 2020 | 2021 | Average per year |
Real GDP per capital | $2104.70 | $2206.60 | $2308.50 | $2410.40 | $2257.55 |
GDP per capital growth rate | 7.1% | 6.8% | 6.5% | 6.2% | 6.65% |
Inflation rate | 4.58% | 3.38% | 6.73% | 5.28 | 5.00% |
Unemployment rate | 6.1% | 5.8% | 4.5% | 3.9% | 5.725% |
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