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In the following calculations, round to the nearest ruble or dollar, and round percentages to one decimal place. Russia's GDP totaled 107 trillion rubles
In the following calculations, round to the nearest ruble or dollar, and round percentages to one decimal place. Russia's GDP totaled 107 trillion rubles in 2020, its population totaled 146.5 million, and the ruble traded for $0.014 on the foreign exchange (forex) market. However, PPP estimates suggested the ruble was actually worth $0.04. 41. What was Russia's official GDP per capita, in rubles? 42. What was Russia's official GDP per capita, in US dollars? $ 43. What was Russia's GDP per capita, in US PPP dollars? $ 44. By how much was the Ruble undervalued on the forex market, relative to PPP)? % In 2008, Russia's GDP was 41.3 trillion rubles, its population was 142.8 million, and its price level was 42% of the 2020 level. 45. What was Russia's official GDP per capita in 2008, in constant 2020 rubles? 46. What was the average annual growth rate of real GDP per capita between 2008 and 2020? % The bottom 40% of Russians had 17.2% of the income in 2018, the top 10% had 29.2% of the income, and the 50% in between had 53.6% of the income. 47. Assuming everybody within each group had the same income, what was Russia's Gini index? 48. Based on the above information, what was Russia's Palma ratio? 49. Based on the Palma ratio, was Russia's income distribution (circle the correct response)? 50. Between 2008 and 2016, Russia's real GDP increased by 6.7%, its labor force grew by 0.5%, and its total capital stock grew by 17.5%. Assuming that labor's share of production (and total income) was 60%, by how much did total factor productivity change? very equal relatively equal relatively unequal very unequal % %
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