Question
In: Economics
What is the GDP, GDP per capita, human development index and changes in these statistics over...
What is the GDP, GDP per capita, human development index and changes in these statistics over time (at least three years) for Panama?
Solutions
Expert Solution
GDP is total value of goods and services produced in an economy during a fiscal year.
GDP per capita is calculated as (GDP / Population)
Human Development Index is a mixture of life expenctancy, literacy rate and per capita income. It basically shows standard of living in an economy.
| GDP (crores) | GDP Per Capita | HDI | |
| 2016 | 5,795.76 | 14,356.32 | 0.785 |
| 2017 | 6,228.38 | 15,166.12 | 0.789 |
| 2018 | 6,505.51 | 15,575.07 | 0.795 |
Overall economy of Panama is growing in all aspects, be in terms of GDP, GDP per capita or HDI.
Rahul Sunny answered 1 year agoRelated Solutions
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(1)
(2)
(3)
Country group
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Average annual growth rate of real GDP per capita (Year
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GDP per capita (Year 2088)
High-income
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0.9%
?
Middle-income
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?
Source: The...
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Dependent variable is: GDP/Capita
s = 2102
Source
Sum of Squares
df
Mean Square
Fratio
Regression
2,740,849,111
5
548,169,822
124
Residual
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4,416,780
Variable
Coefficent
SE Coeff
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