Scenario: In 2000, world GDP per capita was $5,500. In 2010, world GDP per capita was $9,500.
-Refer to the scenario above.If the world sustains this growth rate,approximately what will world GDP per capita be in 2030?

Question

Quizplus · Accepted Answer

The growth rate from 2000 to 2010 can be calculated as ($9,500 - $5,500) / $5,500 = 72.73%. Assuming this growth rate continues every 10 years, the GDP per capita in 2020 would be $9,500 * 1.7273 = $16,409.35 (approximately $16,400 for simplicity in calculation). Applying the same growth rate again for the next decade, the GDP per capita in 2030 would be $16,400 * 1.7273 = $28,327.32, which rounds to approximately $28,300.

Scenario: in 2000, World GDP Per Capita Was $5,500