Year GDP (constant 2010 US$) GDP growth (annual %) GDP per capita (constant 2010 US$) GDP per capita growth (annual %) Population, total Population growth (annual %) Inflation, consumer prices (annual %) Unemployment, total (% of total labor force) 2010 3.21995E+11 1.87 58,041 1.42 5547683 0.44 2.31 7.75 2011 3.263E+11 1.34 58,576 0.92 5570572 0.41 2.76 7.77 2012 3.27039E+11 0.23 58,488 -0.15 5591572 0.38 2.40 7.80 2013 3.30091E+11 0.93 58,788 0.51 5614932 0.42 0.79 7.38 2014 3.35437E+11 1.62 59,438 1.11 5643475 0.51 0.56 6.93 2015 3.43294E+11 2.34 60,402 1.62 5683483 0.71 0.45 6.28 2016 3.54438E+11 3.25 61,878 2.44 5728010 0.78 0.25 5.99 2017 3.61655E+11 2.04 62,733 1.38 5764980 0.64 1.15 5.83 2018 3.70303E+11 2.39 63,915 1.88 5793636 0.50 0.81 5.13 2019 3.79064E+11 2.37 65,147 1.93 5818553 0.43 0.76 5.02 Population and growth rate Denmark has really provided steady figures throughout its history and although the population growth is slow and sometimes negative from year to year, it is normally steady and reliable. Using the 2017 population of 5.749 million, Denmark has a population density of 347 people per square mile (134 people per square kilometer), which ranks 65th in the world. GDP and GDP per capita vs. Population Growth The GDP is an important indicator of the economic strength of the country and a positive change is an indicator of economic growth. GDP per capita is a good representation of a country's standard of living. It also describes how much citizen's benefit from their country's economy. The GDP and Real GDP per capita in Denmark have been increasing over time along with the population. The GDP is an important indicator of the economic strength of the country and a positive change is an indicator of economic growth. The economy is a market economy with high living standards, high government involvement and high dependence on international trade. Unemployment and Economic Growth We can expect to find an inverse relationship between unemployment and economic growth, demonstrating that employment rises with the GDP growth and increased opportunities for work. The Danish economy has been linked to a sharp decline in unemployment, seen through rates dropping from roughly 8% to 5% over a 10 year period. We may also see that GDP per capita has increased by $7,106, indicating modest economic expansion. Taking the modest rise in GDP per capita and drop in unemployment into account, our hypothesis that there is an inverse relationship between the two variables is supported. On the basis of above data -Discuss the relationship between inflation and the rate of economic growth. Start with your hypothesis about what you expect this relationship to be, and why. Include and describe ten-year charts of each of the variables. Comment on whether your country's (Denmark)data supports your hypothesis