Question

The following table shows values of annual real GDP per capita over time. Use it to answer the next question.

1810 $1,500
1860 $2,100
1910 $3,900
1960 $18,000
2010 $43,600

Between which years was the rate of growth in real GDP per capita the lowest?

a. 1910 to 1960
b. 1860 to 1910
c. 1810 to 1860
d. 1960 to 2010

Answer 1

Answer:

a. 1910 to 1960

Explanation:

growth rate between 1810 - 1860 = ($2,100 - $1,500) / $1,500 = 40%

growth rate between 1860 - 1910 = ($3,900 - $2,100) / $2,100 = 86%

growth rate between 1910 - 1960 = ($18,000 - $3,900) / $3,900 = 362% HIGHEST

growth rate between 2010 - 1960 = ($43,600 - $18,000) / $18,000 = 142%

Answer 2

The rate of growth in real GDP per capita the lowest is c. 1810 to 1860

Calculation of growth rate:

growth rate between 1810 - 1860 = ($2,100 - $1,500) ÷  $1,500 = 40%

growth rate between 1860 - 1910 = ($3,900 - $2,100) ÷ $2,100 = 86%

growth rate between 1910 - 1960 = ($18,000 - $3,900) ÷ $3,900 = 362%

growth rate between 2010 - 1960 = ($43,600 - $18,000) ÷ $18,000 = 142%

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