Question
(a) Using data from 2015 as reported by the World Bank (World Development Indicators), compare the GDP at market prices (current US$) to the GDP,
(a) Using data from 2015 as reported by the World Bank (World Development Indicators), compare the "GDP at market prices (current US$)" to the "GDP, PPP (current international $)" for your group's country. Compare the difference between those two measures to the same difference for the Germany. Is your country's PPP difference larger or smaller than the difference for Germany? Explain why.
(b) Using data from the World Bank, compare the annual growth rate of "GDP per capita (constant 2010 US$)" from 1995-2004 to the growth rate from 2005-2014. Has growth slowed down or increased in the twenty years through 2014? Hint: use the exponential growth formula from lecture.
(c) Based on the growth rate g from 2005-2014, how many years will it take for your country to double its GDP per capita?
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