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?

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Business

Thomas Whitehead

5 August, 13:32

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?

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Answers (1)

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Danica Ewing · Answer 1

119%

Explanation:

1980: GDP per capita was $70,000,000,000/5,100,000 = $13725,42

2000: GDP per capita was $160,000,000,000/5,300,000 = $30188,67

To find the rate of change we use this formula:

((Final answer - initial answer) / initial answer) * 100

($30188,67-$13725,42) / $13725,42 = 1.199*100=119%

Denmark's GDP rise 119% btween 1980 and 2000