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since the 19805? 8. The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions of 2012 dollars), and population
since the 19805? 8. The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions of 2012 dollars), and population (in thousands) of Canada in 1969, 1929, 1989, 1999, 2009, and 2019. The Canadian price level rose consistently over The period 1969-2019. Year Nominal GDP [billions of Real GDP (billions oflll Population dollars} dollam) {thousands} 1969 85.5 553.6 20,9943 1979 237.5 324.3 24,1?02 1939 67.1.5 1,090.3 27,2149 1999 1,007.9 1,370.3 30,3071 2009 1,571.3 1,638.5 3,591.1 2019 2,303.9 2,092.2 37,520.7 a. Why is real GDP greater than nominal GDP for all years until 2009 and lower for 2019? b. Calculate the percent change in real GDP from 1969 to 1979, 1929 to 1989, 1939 to 1999, 1999 to 2009, and 2009 to 2019. Which period had the highest growth rate? . Calculate real GDP per capita for each of the years in The table. :9 ('1. Calculate the percent change in real GDP per capita from 1969 to 1929, 1979 in 1989, 1989 to 1999,. 1999 to 2009, and 2009 to 2019. Which period had the highest growth rate? e. How do the percent change in real GDP and the percent change in real GDP per capita compare? Which is larger? Do we expect Them to have this relationship
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