WebJan 8, 2013 · One important thing to understand about our data is that, when first presented and graphed, it assumes an exponential shape. The correlation coefficient for this model was higher than those of power and linear models, so the exponential model, Y=256.436 (1.042)^x, was used. X= literacy rate of a country and y= GDP per capita of the country. Web39,371.70. United States. 16,768.10. 316.30. 53,013.28. Notice that the ranking by GDP is different from the ranking by GDP per capita. China has a somewhat larger GDP than …
GDP and Standard of Living Macroeconomics - Lumen Learning
WebJun 1, 2024 · impact o f the GDP on the Literacy and the Poverty was done on the basis of State-Wise Ranking of the GDP, Poverty and Literacy. Sectoral growth rates of the GDP was a lso taken into consideration. WebReport Highlights. Nationwide, on average, 79% of U.S. adults are literate in 2024. 21% of adults in the US are illiterate in 2024.; 54% of adults have a literacy below 6th grade … iari youtube channel
Topics in Macroeconomics - Miami University
WebMar 4, 2011 · The literacy rate affects the GDP. normally the higher the literacy rate, the higher the GDP, but not always. Some countries can have a very high literacy rate, but not a high GDP. but most of the ... WebMar 10, 2024 · Apr 30, 2024 · South Asia literacy rate for 2024 was 71.70%, a 0.7% increase from 2016. How does the literacy rate affect the GDP of a country? From this observational study, we can conclude that there is a positive, exponential relationship between literacy rate and GDP per capita of world countries. WebApr 29, 2024 · Literacy rate is 94.5% for ages 15 and over (2015 est)GDP is $1.14 trillion at nominal exchange rates, or $2.41 trillion at Purchase-Power-Parity rates. How does GDP affect the standard of living? Generally, rising global income translates to a higher standard of living, while diminishing global income causes the standard of living to decline. iari wheat varieties