Use the following information to answer the question: Gross Domestic Prod...
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Use the following information to answer the question:
Amount of Economic Activity (Nominal): Gross Domestic Production
|
Population
| ||
2019
|
2020
|
2019
|
2020
|
351 billion
|
302 billion
|
58,6 Million
|
59,3 million
|
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.
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