Silesia – Continued You are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below: 1994 2019 Nominal GDP (Billion) 200 800 Price Index (2010) base) 50 120 Population (Million) 20 30 Adapted from: Van Walbeek, C., Krugell, W. and Samouilhan, N. 2008. South African Work Book for Economics. Pretoria: Van Schaik. 6.1 Calculate the Real GDP (expressed at constant 2010 prices) for 1994 and 2019. 6.2 By what percentage did the real GDP increase between 1994 and 2019? 6.4 Calculate per capita real GDP for Silesia for 1994 and 2019.

Silesia – Continued You are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below: 1994 2019 Nominal GDP (Billion) 200 800 Price Index (2010) base) 50 120 Population (Million) 20 30 Adapted from: Van Walbeek, C., Krugell, W. and Samouilhan, N. 2008. South African Work Book for Economics. Pretoria: Van Schaik. 6.1 Calculate the Real GDP (expressed at constant 2010 prices) for 1994 and 2019. 6.2 By what percentage did the real GDP increase between 1994 and 2019? 6.4 Calculate per capita real GDP for Silesia for 1994 and 2019.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter32: Macroeconomic Policy Around The World

Section: Chapter Questions

Problem 30P: Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/...

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Study the scenario and complete the question(s) that follow(s):Silesia – ContinuedYou are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below:19942019Nominal GDP (Billion) Price Index (2010) base) Population (Million)200 800 50 120 20 30Adapted from: Van Walbeek, C., Krugell, W. and Samouilhan, N. 2008. South African Work Book for Economics. Pretoria: Van Schaik.COEC121 – Take-Home Test Paper S2 2020 | V1.0 Page 8 of 9 6.4 Calculate per capita real GDP for Silesia for 1994 and 2019.6.5 By what percentage did per capita real GDP increase between 1994 and 2019?6.6 What can you say about the changes in the average standard of living in Silesia, based on the previous calculations?
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