In 1980 Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million. In 2000, Denmark had a GDP

Question

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In 1980 Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million. In 2000, Denmark had a GDP

of $160 billion (measured in U.S. dollars) s and a population of 5.3 million. By what percentage did Denmark’s GDP per capita rise between 1980 and 2000?

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1 answer:

mina [271] · Answer 1 · 2022-06-30T16:41:00+03:00

Answer:

119%

Explanation:

1980: GDP per capita was $70,000,000,000/5,100,000= $13725,42

2000: GDP per capita was $160,000,000,000/5,300,000= $30188,67

To find the rate of change we use this formula:

((Final answer- initial answer) / initial answer)*100

($30188,67-$13725,42)/$13725,42= 1.199*100=119%

Denmark´s GDP rise 119% btween 1980 and 2000