For the United States, with a current nominal GDP of about $28 trillion, the difference between a 8 percent and 12 percent rate of growth in the number of years it would take to double the economy is Multiple Choice about 28 years. about 3 years. about 5 years. just one year.
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- ASAPSaved Help Save & Exit Subm A nation's real GDP was $500 billion in Year 1 and $520 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2? Conomic Growth Quiz i Multiple Choice Mc Graw 3.8 percent 2.0 percent 4.0 percent 8.0 percent # 1 2 3 0 a MacBook Pro 54 $ % & 5 6 7 W E R T Y U * 0 田 61 9 Ο - A S D F G H J K L N X C T H command < B N M < V- H ዓደ יד P { سانی .... . V =- ? command option } 1A country's nominal GDP was 10 billion euros in year 2000. In the next ten years, nominal GDP increased by 2 % per year and prices incrcased 1,2 % per year. What was the annual growth rate (%) of real GDP in this 10-year period? Knowing this growth rate, what was real GDP in year 2010 using constant prices (base year 2000)?
- China's economic growth in 2015 is slowest in 25 Years China's growth rate slowed to an annual rate of 68 purcent in the fourth quarter of 2015, down from 73 percent in 2014 China's growth rate has slowed from 7.3 percent a year in 2014 and if it remans at 6.8 percent a year, how many additional years will it take for China's real GDP to double When real GDP per person grows at 73 percent a year, real GDP per person in China doubles in years >>> Answer to 1 decimal place.if a nation real gdp is growing by 3.5 percent per year , its real GDP will double in aproxiately 1. 41.1 years 2, 20.6 years 3, 10.3 years 4, 72 yearsCountry A is $25,000 and County B is $4,000 per capita GDP in 2010. the rate of economic in county A is 3% and counrty B is 2% 1. uppose the growth rate of A country is constant. How fast does the income gap level($21,000 difference) at this point need to grow to become that income gap level in 2030? 2. Suppose the growth rate of country B is 6%, how many years does it take to bridge the income gap?
- Assume GDP of a (tiny) country at time zero is equal to $105.00105.00. Calculate GDP 11 years11 years later if the annual growth rate of GDP is 6 percent6 percent. Round to two places after the decimal.Assume that an economy currently has a nominal GDP of $500 billion. If the economy were to grow at 3%, calculate what nominal GDP will be in five years, ten years, twenty years, and forty years if it is able to sustainthat same growth rate each year.1. At an annual growth rate of 1.75% it will take If GDP starts at a value of $100 million, then in 200 years we would expect the value of GDP years for a country's GDP to double. to be times larger. 2. If nominal GDP is growing at 5% per year, the inflation rate is 2% per year, and population growth is-190 per year then real GDP per capita is growing at percent per year. 3. A country aims to double real GDP per capita in the next 25 years. This means that on average real GDP per capita must grow at per year. 4. A country aims to double real GDP per capita in the next 25 years. If the rate of population growth in the country is 1% per year then this means that real GDP must grow at per year.
- 15. Suppese that in 1960 Japan had an initial per capita GDP of $12.000 per year and China had a per capita GOP of 55.000. But China is grewing at 5 percent per year and iapan is growing at 3 percent per year. ia richer in 2010 with a per capita GDP of eporoni mately a lapan $5.000 a. China: $73,500 a. lapen: $31,500 . Not enough information is given. e China $5,000If real GDP increases from $100 billion to $105 billion, and the population increases from 100 million to 102 million, what is the grwoth rate of real GDP per person? The growth rate of real GDP person person is ____ percent.Assume GDP of a (tiny) country at time zero is equal to $133.00. Calculate GDP 11 years later if the annual growth rate of GDP is 8 percent. Round to two places after the decimal. urgent i will 5 upvotes