Math Problem Statement
The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population completed in mid-2014.
Value
Real GDP 2018
$18 comma 121.0018,121.00
billion
Real GDP 2019
$19 comma 208.2619,208.26
billion
Population 2018
328.00328.00 million
Population 2019
331.28331.28 million
Solution
It looks like you’ve provided some key economic figures related to real GDP and population in 2018 and 2019. If you would like, I can help you with a variety of calculations or analyses using this data. Here are a few examples of what we can do:
- Calculate the real GDP per capita for both 2018 and 2019.
- Find the GDP growth rate between 2018 and 2019.
- Calculate the population growth rate between 2018 and 2019.
- Determine the average real GDP per capita growth over the two years.
- Assess the relationship between GDP growth and population growth.
Let me know which specific calculation or analysis you're interested in, or if you need further details on any of these!
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Math Problem Analysis
Mathematical Concepts
GDP
Real GDP per capita
Growth Rate
Population Growth
Formulas
Real GDP per capita = Real GDP / Population
GDP Growth Rate = ((GDP in 2019 - GDP in 2018) / GDP in 2018) * 100
Population Growth Rate = ((Population in 2019 - Population in 2018) / Population in 2018) * 100
Theorems
GDP Growth Theory
Population Growth Theory
Suitable Grade Level
Grades 9-12