what is the current population of Alberta, Canada, and US? Refer to Level 0 for where to find population data. Use TradingEconomics.com to get the GDP deflators for Canada and the US. Given the GDP...

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what is the current population of Alberta, Canada, and US? Refer to Level 0 for where to find population data. Use TradingEconomics.com to get the GDP deflators for Canada and the US. Given the GDP deflators ), the populations and the nominal GDPs (from your work in Level 4), calculate real GDP per capita for each. Show your work. Find data from a year prior. Calculate real GDP per capita for each for a year prior. Calculate the economic growth rate for each. Show your work.





Compare Alberta, US, and Canada. Where will future Alberta growth come from? Why?


How long will it take Alberta to double in size? How long will it take Canada to double in size? What about the US?



5 coinsfor most insightful.5 coinsfor most creative ideas on where future Alberta growth could come from.






Answered Same DayOct 25, 2021

Answer To: what is the current population of Alberta, Canada, and US? Refer to Level 0 for where to find...

Soma answered on Oct 26 2021
128 Votes
SOLUTION:
Alberta:
2019
10 Lakhs = 1 Million
1 lakh = 0.1 million
43.7 lakhs= 43.7*0.1= 4.37 million
Population: 4.37 million
GDP deflator: 110.2
Nominal
GDP: 334172.2 Canadian dollar =253970.9 USD
1 Canadian Dollar equals 0.76 United States Dollar
334172.2 Canadian dollar= 253970.9 USD
2018
Population: 43 lakhs = 43* 0.1= 4.3 million
GDP deflator: 108.7
Nominal GDP: 336281.3 Canadian dollar =255573.8 USD
(Nominal /Real) * 100 = GDP deflator
Real GDP = Nominal GDP / GDP deflator
Real GDP in 2019= 253970.9/ 110.2= 2304.636 USD
Real GDP in 2018 = 255573.8/108.7=2351.185 USD
Real GDP per capita in 2019 = 2304.636/4.37 = 527.3767
Real GDP per capita in 2018 = 2351.185/4.3 = 546.7872
Economic growth rate in 2019 = [(2304.636 - 2351.185) / 2351.185] *100
=-1.97981%
Canada:
2019
Population: 37.8 million people
GDP deflator: 110.2
Nominal GDP: 1736.43 billion USD
1 billion = 1000 million.
1736.43 billion= 1736430 million
Real GDP = Nominal GDP / GDP deflator
=1736430 million/ 110.2
=15757.08*100
=1575708 million
Real GDP per capita = Real GDP/ population = 1575708 million/ 37.8 million = 41685.4
2018
Population: 37.31 million
GDP deflator: 108.7
Nominal GDP: 1716.26 billion USD = 1716.26*1000= 1716260 million
Real GDP = (1716260/108.7) *100
=1578896
Real GDP per capita = 1578896 / 37.31 = 42318.31
GDP growth rate in 2019 = [(1575708- 1578896)/ 1578896] *100
=-0.20191
U.S:
2019
Population: 329.0 million
GDP deflator: 112.531
Nominal GDP: 21427.70 billion =21427700 million
Real GDP = (21427700/ 112.531) *100 =19041597.4 million
Real GDP per capita= Real GDP /...
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