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pishuonlain [190]
3 years ago
14

What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below to compute your answer.

Social Studies
1 answer:
hoa [83]3 years ago
4 0
The answer is 6,333.33.

The formula for Real per capita GDP is:
R = (N / D) / C
Where: R = Real per capita GDP; N = nominal GDP; D = deflator or Price Index; C = Population

Get first the price index. 1933 price / 2013 price = .07.
Proceed with calculating Real per capita GDP.

R = (N / D) / C
   = (57B / .07) / 126M
   = 798B / 126M
   = 6,333.33
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