Name: Fatmah mohammed alnafjan

ID :2131113952
Class: MACRO -2:00

HOMEWORK
According to the data, We cant compare The real GDP per capita for 2017
for several reasons.
First the prices should be converted from national currency to U.S dollar,
so that there is confusion about the values of different currencies.
Secondly. The real GDP per capita is the Real GDP divided by the population
size thus the difference in population size among countries affect the GDP
per capita.
Nominal GDP per person is not an accurate measure when we compare the
standard of living among countries. because the nominal GDP is based on
prices that prevailed when the output was produced. Nominal GDP is
current output multiply by current prices. the nominal GDP should be
adjusted for the change in price level which called real GDP, real GDP is
current output multiplied by constant prices.
The purchasing power parity per capita is the best way to measure.
Countries from the highest (PPP) to lower (ppp) per capita in US dollar :
1. Qatar 131,062.81
2. KUWAIT 72,675.39
3. UAE 68,895.07
4. Saudi arabia 55,228.52
5. Bahrain 51,265.54
6. Oman 44,471.68
7. Yemen 2,818.47