1. For the country you chose at the beginning of the semester (see Country Currency discussion), find their GDP (possibly estimated) and their population. Divide the GDP by the population nummber to find out the country's GDP per capita. Post these three numbers on the Chapter 19 Discussion Board, where there are more complete instructions, and you will receive credit.Everyone canthen see the wide range between countries.

2.The "prime" interest rate is the rate that banks charge their best customers. Based on your new knowledge of real interest rates, and the nominal interest rates and inflation rates given inthe table below, in which of theyears given would it have been best to be a lender? Based on the nominal interest rates and inflation rates given in the table, in which of the years given would it havebeen best to be a borrower?

YearPrime Interest RateInflation Rate

19707.9%5.7%

197410.8%11.0%

197818.9%10.3%

19819.1%7.6%

198412.4%4.3%

199010%5.4%

20017.0%2.8%