You have the following data for GDP per capita in 1990 and i…
You have the following data for GDP per capita in 1990 and in 2023: Japan Australia Italy World 1990 $25,265 $18,249 $23,297 $6,803 2023 $33,766 $64,820 $39,003 $11,578 Based on this information, you expect Japan’s trade balance to be ______ in 1990. Hint: Compute the average annual growth rate of GDP per capita between 1990 and 2023 for each country and the world economy to answer this question. Round the growth rates to the nearest tenth of a percent.