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Denmark Converted to Current U.S. Dollars Year United States Australia 2007 48,061 40,991 2008 48,401 40,644 2009 47,001 42,472 2010 48,373 51,874 2011 49,790 62,245

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Denmark Converted to Current U.S. Dollars Year United States Australia 2007 48,061 40,991 2008 48,401 40,644 2009 47,001 42,472 2010 48,373 51,874 2011 49,790 62,245 2012 51.450 67,635 2013 52,787 67.708 2014 54,898 62,099 2015 59,649 56,408 2016 49,775 Singapore 39,223 39.721 38,577 45,699 53.166 54.431 56.029 56,336 53,629 52.962 58.487 64,322 58.163 58,041 61.753 58.507 61.191 62,548 53,012 53.578 Italy 37.698 40.640 36,976 35,846 38,334 34.814 35.370 35.396 30,171 30.661 57,638 Source: World Bank, GDP per Capita (Current USS), accessed April 1, 2017 at https/data.worldbank.org/ indicator/NY GDP.PCAP CD?locations=US. Questions: 14-10. What is the five-year change in GDP per capita (2007-2011 for (a) the United States. (b) Australia. (c) Singapore. (d) Denmark, and (e) Italy? 356 PART VI COMPENSATION ISSUES AROUND THE WORLD 14-11. What is the five-year change in GDP per capita (2012-2016) for xay the United States, (b) Australia (c) Singapore. (d) Denmark, and (e) Italy? 14-12. State whether the rate of change for the more recent five-year period (2012-2016) was lower or higher than the rate of change for the earlier live-year penod (2007-2011) in each country: (a) the United States. (b) Australia, (c) Singapore. (d) Denmark, and (e) Italy

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