Fill in the blanks in the table below. Country Nominal GDP growth Population growth Inflation Real...

Fill in the blanks in the table below.

Country	Nominal GDP growth	Population growth	Inflation	Real GDP growth per capita
Svea	4%	3%	% ??	-1%
Bonifay	3%	1%	0%	% ??
Chaires	% ??	2%	6%	4%
Drifton	5%	1%	-2%	%
Estiffanulga	7%	% ??	2%	4%

Expert Solution

Svea: Real GDP growth rate = Real GDP growth rate per capita + population growth rate = -1% + 3% = 2%. Inflation rate = Nominal GDP growth rate - Real GDP growth rate = 4% - 2% = 2%.

Bonifay: Inflation rate = Nominal GDP growth rate - Real GDP growth rate or Real GDP growth rate = 3% - 0% = 3%. Real GDP growth rate per capita = Real GDP growth rate - population growth rate = 3% - 1% = 2%

Chaires: Real GDP growth rate = Real GDP growth rate per capita + population growth rate = 4% + 2% = 6%. Nominal GDP growth rate = Inflation rate + Real GDP growth rate = 6% + 6% = 12%

Drifton: Inflation rate = Nominal GDP growth rate - Real GDP growth rate or Real GDP growth rate = 5% + 2% = 7%. Real GDP growth rate per capita = Real GDP growth rate - population growth rate = 7% - 1% = 6%

Estiffanulga: Inflation rate = Nominal GDP growth rate - Real GDP growth rate or Real GDP growth rate = 7% + 2% = 9%. Population growth rate = Real GDP growth rate - Real GDP growth rate per capita = 9% - 4% = 5%.

Rahul Sunny answered 4 months ago

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