Unit One: Overview | Introducing Growth & GDP | Per Capita Income | Distribution of Income | Growth & Policy

Answers: Compare National Economic Performance as Reflected in Per Capita GDP

1. Rank these nations from richest to poorest (1 is richest, 7 is poorest) on the basis of total GDP (column B). Write these rankings in column C.
(For answers, see Column C.)
  Total GDP in \$PPP-US billions (1999) Rank of Total GDP Population (in millions) Per Capita GDP (in \$PPP-US) Rank of Per Capita GDP (A) (B) (C) (D) (E) (F) Brazil 595.5 3 170.4 3494.7 5 Chile 70.5 6 15.2 4638.2 4 China 1080.0 2 1275.1 847.0 6 Mexico 574.5 4 98.9 5808.9 3 Sweden 227.3 5 8.8 25829.5 2 Tanzania 9.0 7 35.1 256.4 7 United States 9837.4 1 283.2 34736.6 1
1. Next, rank the nations from richest to poorest on the basis of Per Capita GDP (Column E) (1 is the richest, 7 is the poorest). Write these rankings in Column F.
(For answers, see Column F.)

2. Which nations look "richer" on the basis of per capita GDP than they look on the basis of total GDP? Which nations look "poorer"?
When compared on the basis of per capita GDP, Sweden, Chile and Mexico are relatively richer than their total GDP values suggest. China and Brazil are relatively poorer. The United States is still the richest, and Tanzania is still the poorest.

3. Describe how the standing of Sweden changes depending on which measure of economic performance you use.
Sweden's economy poduces relatively little compared to others in this list -- ranking 5th out of 7 in total GDP. On the basis of total GDP, Sweden is one of the poorest nations in the group. But Sweden's population is also small; on the basis of per capita GDP, Sweden ranks second only to the United States as the richest country on the list.

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Unit One: Overview | Introducing Growth & GDP | Per Capita Income | Distribution of Income | Growth & Policy

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