Respuesta :
Answer:
By 59.17 % the GDP of Canada increase from 1990 to 2000 in U.S. dollars
Explanation:
For computing the increasing percentage, first we have to compute the GDP for the year 1990 and GDP for the year 2000
So, the GDP for the year 1990 = GDP of Canada × U.S cents
= $550 × 0.88
= $484
And, the GDP for the year 2000 = GDP of Canada × U.S cents
= $1070 × 0.72
= $770.4
Now, compute the increasing percentage which is computed below
= Difference of GDP amount ÷ 1990 GDP × 100
= 286.4 ÷ 484 × 100
= 59.17%
Hence, by 59.17 % the GDP of Canada increase from 1990 to 2000 in U.S. dollars
Answer: 59.17%
Explanation:
Given that,
In 1990,
GDP of Canada = $550 billion measured in Canadian dollars
Exchange rate = $1 Canadian was worth 88 U.S. cents
In 2000,
GDP of Canada = $1070 billion as measured in Canadian dollars
Exchange rate = $1 Canadian was worth 72 U.S. cents
GDP in 1990( US$) = $550 × 0.88
= $484
GDP in 2000(US$) = $1070 × 0.72
= $770.4
Increase in GDP = GDP in 2000(US$) - GDP in 1990( US$)
= $770.4 - $484
= $286.4
Percentage increase in GDP = [tex]\frac{Increase\ in\ GDP}{GDP\ in\ 1990(USD)} \times 100[/tex]
= [tex]\frac{286.4}{484} \times 100[/tex]
= 59.17%
