Business I / Growth and Convergence
Practice question · Numerical answer

A country's GDP per capita is 2,000 dollars (constant 2011 PPP). The US level is 60,000 dollars. Express this country's income as a percentage of the US level.

Hints
  1. 2,000/60,000×1002{,}000 / 60{,}000 \times 100.
  2. About 3.3%.
Show the answer

3.33 (answers within ±0.1 count)

Why

2,000/60,0003.33%2{,}000 / 60{,}000 \approx 3.33\% of US income, a 30:1 gap that summarises the divergence problem in one number.

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