Use the following information to answer the question:

Gross Domestic Product (GDP) per capita is one of the economic

indicators used to measure the performance of an economy and is commonly used

as a broad measure of average living standards or economic wellbeing. GDP per capita

equals gross domestic product divided by population. What is the growth rate in

GDP per capita from 2019 to 2020? Round to two decimals.

Suppose 27 000 123 people are in the labour force, 9 500 123 public and 13 004 567 private. What is the unemployment rate? Round to two decimals.

Suppose 35 000 000 people are in the labour force, 18 000

000 people are employed in the public sector and 15 000 000 people are employed

in the private sector. 

Why do we round economic growth rates to two decimal places in reporting?

What does it mean when we report GDP “in constant terms”?