Question

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?

Answer 1

Denmark's GDP per capita rose by 120% between 1980 and 2000

Step-by-step explanation:

GDP per capita is calculated by divided the total GDP of the coutry with total population.

GDP Per capita = Total GDP / Total Population

1980

GDP Per capita = $70,000,000,000 / 5,100,000

GDP Per capita = $13,725.5

2000

GDP Per capita = $160,000,000,000 / 5,300,000

GDP Per capita = $30,188.7

Rise = 30188.7 - 13,725.5 = 16,463.2

Rise in % = 16,463.2 / 13,725.5 = 1.2 = 120%