BUSN 5620 – What percent did world GDP per capita grow
Question 1 :
According to the data in Figure 15.4 on p. 292, by what percent did world GDP per capita grow from
a. 1000 to 1500?
b. 1500 to 1820?
c. 1820 to 1995?
Show your work.
Internet Question
Go to the CIA’s World Factbook website, https://www.cia.gov/library/publications/resources/the-world-factbook/,
Choose one country, and then identify its biggest trading partner. Answer the following questions.
a. What country did you choose, and what country appears to be its largest trading partner?
b. Compare the major export commodities of the two trading partners. For each country, only include as exports or imports items that the country exclusively exports or
imports. Do not list commodities that show up as both exports and imports.
c. Compare the import commodities of the two trading partners. For each country, only include as exports or imports items that the country exclusively exports or
imports. Do not list commodities that show up as both exports and imports.
d. Discuss the information in the context of the theory of comparative advantage.
