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1. Population (millions) Real GDP (yuan, billions) Nominal GDP (yuan, billions)

ID: 3196792 • Letter: 1

Question

1.

Population (millions)

Real GDP (yuan, billions)

Nominal GDP (yuan, billions)

2000

1267

4999

9921

2003

1292

6498

13582

2006

1315

8776

21087

The table above shows data for China. The standard of living between 2000 and 2003 increased by ________.

35.0 percent

2.

Population (millions)

Real GDP (yuan, billions)

Nominal GDP (yuan, billions)

2000

1267

4999

9921

2003

1292

6498

13582

2006

1315

8776

21087

The table above shows data for China. The economic growth rate in China between 2003 and 2006 was ________ percent.

Population (millions)

Real GDP (yuan, billions)

Nominal GDP (yuan, billions)

2000

1267

4999

9921

2003

1292

6498

13582

2006

1315

8776

21087

Explanation / Answer

The standard of living is measured by real GDP per cap.

standard of living increase form 2003 to 2000 = (5.03-3.95)/(3.95) = 27%

so answer is option (A)

2.

Economic growth is given by real GDP growth

GR% = [GDP (2006) - GDP (2003)]/[GDP (2003)] = (8776-6498)/6498 = 35%

so answer is option A

please upvote the answer.

yr pop real GDP real GDP per cap 2000 1267 4999 3.95 2003 1292 6498 5.03 2006 1315 8776 6.67