[All Steps] Pick any country in the world. Identify its level of GDP and GNI per capita for 2012. Which is higher? What's the difference? Pick either GDP or
Question: Pick any country in the world.
- Identify its level of GDP and GNI per capita for 2012. Which is higher? What's the difference?
- Pick either GDP or GNI. What has been this country's average growth rate for the last 5 years?
- Calculate what projected GDP per capita will be in 20 years assuming this growth rate trend continues? What about in 50 years?
- Recalculate this projected GDP per capita in 20 and 50 years using a new growth rate that is the current five year trend plus an additional 4%.
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