USCanadaIrelandIndonesia and Ethiopia only. 7. Growth rates of per capita GDP: C
ID: 1134441 • Letter: U
Question
USCanadaIrelandIndonesia and Ethiopia only. 7. Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in each of the cases below. The levels are provided for 1980 and 2014, measured in constant 2011 dollars.11 1980 2014 United States Canada France Italy Germany Japan Ireland Mexico Brazil Indonesia Kenya China India Ethiopia 29,288 24,716 22,557 United Kingdom 20,044 19,912 19,617 19,147 12,845 11,954 5,297 2,249 2,049 1,578 1,169 690 51,958 43,376 37,360 38,083 34,876 45,320 35,574 52,186 15,521 17,459 9,797 2,971 12,514 5,451 1,505Explanation / Answer
7. The formula being used is,
CAGR = ((End value/Initial value)^(1/n))-1
((2014 value/1980 value)^(1/34))-1
2014
1980
No of years
Compound Annual growth rate
United states
51958
29288
34
1.70%
Canada
43376
24716
34
1.67%
Ireland
52186
12845
34
4.21%
Indonesia
9797
2249
34
4.42%
Ethiopia
1505
690
34
2.32%
2014
1980
No of years
Compound Annual growth rate
United states
51958
29288
34
1.70%
Canada
43376
24716
34
1.67%
Ireland
52186
12845
34
4.21%
Indonesia
9797
2249
34
4.42%
Ethiopia
1505
690
34
2.32%
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.