8. Population growth and economic growth Consider the economies of Sporon and Gr

Question

8. Population growth and economic growth Consider the economies of Sporon and Gribinez, both of which produce agricultural products using only land and labour. The following tables show the supply of land, population size, and real GDP for these two economies from 2015 to 2018. Calculate real GDP per capita for the two economies, and complete the last column of the following two tables. Sporon Year 2015 2016 2017 2018 Land (Hectares) 20,000 20,000 20,000 20,000 Population Real GDP Real GDP per Capita 1,000$15,000 2,000$28,000 3,000 4,000$40,000 $36,000 Gribinez Land (Hectares) 20,000 Population 500 Year Real GDP Real GDP per Capita $4,500 201620,000 35331,000$10,000 2,000 $24,000 2015 201720,000,500$16,500 1,500 $16,500 201820,0002 land-labour ratios Rapid population growth tends to threaten econornic growth in economies with

Explanation / Answer

                                                              Sporon

                                                          Gribinez

Real GDP per capita rose from 2015 to 2018 as population increased.

Y L P Real GDP($) Real GDP Per capita($) = Real GDP/P 2015 20000 1000 15000 15 2016 20000 2000 28000 14 2017 20000 3000 36000 12 2018 20000 4000 40000 10

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