AB 204 Course Great Wisdom / tutorialrank.com AB 204 Course Great Wisdom / tutorialrank.com | Page 7

basket of goods used to compute the CPI consists of 100 units of
food and 20 units of clothing.

2) Calculate how much each of the following items is worth in
terms of today's dollars using 180 as the price index for today.

3) The table below uses data for 3 hypothetical countries. All the
number values are in thousands. Complete the blank entries in
the table below.

4) The following table indicates U.S. real GDP data. Calculate
real GDP per person for 1987 and 2005. Then use real GDP per
capita to compute the percentage change in real GDP per person
from 1987 to 2005.
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AB 204 Unit 6 Assignment
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PART 1: Comparing Long-Run Economic Growth Rates of
Countries

Use the electronic library and databases to conduct research to
identify the key factors that determine long term economic
growth. You can find the most up-to-date reports on the