3:01 PM Verizon 95 Touch to resume FaceTime 09:06 Done Expert Q&A oce tme uNDr 10cnmca NOteS tin tne Content section), for an example of HDI calculations 2. Suppose you have a country Z (population-2,000) with 2-goods 2007 2008 Qty 500 Price 1,000 2,000 Qty 600 Price Computers Vacation package 1.200 2,400 1,500 1800 What is the real GNP for 2007? What is the real growth rate of this economy? iv. If the US price of computers in 2008 is 800 and the vacation package price is $4,000, what is the PPP GDP per capita of country Z in 2008? v. Can you say unequivocally that the standard of living has increased for country Z between these two years? 3. Why does economic growth may not necessarily lead to an improvement in the standard of living? Think of a couple of good reasons