Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increase this to at least US$15,000 to attain a high income country status. By how much should real per capita grown annually if it want to achieve this status in year a) 2028; b) 2037; c) 2055?
Q: C I G NX…
A: Nominal GDP = C + I + G + NX Nominal GDP in the year 1 = 1000 + 156 + 560 +52…
Q: Assess one (1) problem associated with using gross domestic product as an indicator of economic…
A: The gross domestic product(GDP) of an economy is defined as the market value of all the final…
Q: If real GDP in Country A amounted to $1.62 trillion in 2019 and $1.71 trillion in 2018, the real GDP…
A: Real GDP growth rate = [[Real GDP in 2019 - Real GDP in 2018] / Real GDP in 2018] * 100
Q: Which of the following is true about the steady-state level of capital per worker? Group of answer…
A: s = Savings Rate y = Income per capita n = Growth rate of Labor d = Rate of capital depreciation k =…
Q: A country's nominal GDP was 10 billion euros in year 2000. In the next ten years, nominal GDP…
A: Nominal GDP measures a country's gross domestic product using current prices or market value of…
Q: Infant Industry protection is a key solution for the growth of industrialization of developing…
A: Protectionism for an economy can be understood as an attempt in developing the new manufacturing…
Q: In 1950, the real per capita GDP (in USD) in Mauritius is 4,382, and in 2017 the figure is 20,631.…
A: "GDP (gross domestic product) measures the value of all finished goods and services produced within…
Q: Companies failing to comply with the GDPR can be fined up to _____% of their global annual revenue
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question , as they are…
Q: In the last century, Tunisia’s Gross Domestic Product (GDP) has grown rapidly on average 5% per…
A: The Gross Domestic Product (GDP) measures the market value of all the final goods and services…
Q: A mathematical approximation called the rule of 70 tells us that the number of years that it will…
A: Applying to this case if the rule of 70 Mexico's Real GDP per person would nearly double concerning…
Q: Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increase…
A: GDP is the value of all final goods and services produced in an economy over a period of time. The…
Q: If a country grows at a rate of 3% per year, how many years will it take to double in size? The…
A: The economies around the globe are involved in various economic and financial activities, where the…
Q: Qatar GDP per capita was 93,792 in 2017 and $90,070 in 1970. What was its annualized growth rate…
A: Annualized growth rate is the compounding change over the period of time in the amount in percentage…
Q: Suppose a company discovers a breakthrough lubricant that reduces the amount of wear on mechanical…
A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…
Q: Spain's GDP per capita grows at a rate of 1.5% for the next 6 years and a rate of 2% for the…
A: A = P(1+r)t where A = amount P = principal r = rate of interest t =…
Q: Assume that RGL per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in RGDP…
A: The boom and bust cycle is a cyclical mechanism of economic growth and contraction. During a boom,…
Q: The rate of increase of real income per capita in a country has been calculated as 4000 / (t + 1)…
A: Real per capita income = 5,000 Growth rate = 4000 / (t+1) log2 Growth arte = 4000 / 8 log 2 Growth…
Q: Real GDP per capita is $4000 in Country A and growing at a constant rate of 7% per year. Real GDP in…
A: Given real GDP of country B = 4000 $ Growth rate = 5 % Future position = 8000 $
Q: In the midyear of 2020, a country’s population is 109,581,078 with a growth rate of approximately…
A: country’s population is 109,581,078 rowth rate of approximately 1.35% per year
Q: Country Alpha and Country Beta initially have the same realGDP per capita. Country Alpha experiences…
A: Country Alpha experiences no economic growth, while Country Beta grows at a sustained rate of 5…
Q: If real GDP per capita for Nelsonville grew from $8 trillion to $16 trillion between 2000 and 2020,…
A: Here, it is given that the real GDP per capita in Nelsonville in 2000 was $8 trillion and it was $16…
Q: Suppose Y C+ I + G. Suppose C accounts for 70% of Y, I accounts for 10 % of Y and G accounts for 20%…
A: here we calculate the given by following method given below as;
Q: Assume that RGDP per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in…
A: Th real GDP is the value of the final goods and services which are calculated at the base year…
Q: Under a developing economy, an analysist assigned you to calculate the followings for the further…
A: The national income of the country is the value of the all the final items and the services produced…
Q: For a village, the population P grows at arate of 1.6 % per year. The formula P= 3650 (1 + r) models…
A: In economics, population refers to a distinct group of individuals with common characteristics.…
Q: Since 1900, the longest expansion in the United States lasted - 120 months. - 128 months. 43 months.…
A: Economic expansion refers to the situation when an economy is experiencing an increase in the output…
Q: In a country, if the growth rate of RGDP per person is 5%, how long it will take to double its RGDP…
A: The value of economic output can be measures by RGDP and which is adjusted for inflation or…
Q: Use a growth rate of 1.3% to predict the population in 2042 of a country that in the year 2006…
A: We are going to use 72 formula to solve this question.
Q: An economy starts off with a GDP per capita of 12,000 euros. How large will the GDP per capita be if…
A: Per Capita when the economy grows at an annual rate of 3% for 10 years…
Q: • The economic growth is recognized (measured) as an increase in real GDP. • Literacy rates, life…
A: Economic growth is described as a process in which the output of commodities and services increases…
Q: t (years since 2008) GDP (trillion dollars) 0.25 0.5 0.75 1 14.67 -14.81 14.84 14.55 14.38 (a)…
A: Relative change is computed by subtracting the value of the indicator in the first period from the…
Q: Chinese economic growth is the outstanding feature of the world economic scene over the past two…
A: Introduction In 2018 US economy has $ 20.5 trillion and the economy grows at annual rate of 2.2% per…
Q: Suppose Egypt has a real GDP per capita of $28,000. If real GDP per capita grows at a 3.5% annual…
A: To calculate number of years it will take real GDP per capita to increase to $7000, we use compound…
Q: The production function for the economy is Y = 5K05L05. The population growth rate is 5%, the…
A: GIVEN Y = 5K^0.5, L^0.5 depreciation rate, δ= 0.15 savings Rate, S=0.25. y=Y / L = 5(K /L)^0.5…
Q: Promotion of green alternatives * (A) increase inflation (B) decrease inflation (C) does not…
A: The promotion of green alternatives increases inflation as due to the introduction of new…
Q: Reference equation: Real GDP per capita growth rate Nominal GDP growth rate - Inflation rate -…
A: To calculate Nominal GDP we have to multiply current year prices with current year quantities of…
Q: In a country real GDP per capita 10 years ago was 24891, and now it is 38152. Calculate the average…
A: here we calculate the average yearly growth rate by using the given information so the calculation…
Q: True or False: The term developing country (DVC) is applied to rich nations like the United States…
A: Developing countries are the countries whose economy is under development there a certain parameter…
Q: If two million new bables were born in the U.S. and if two million more immigrants came to the U.S.,…
A: Per capita GDP = Real GDP / Total population
Q: Select one or more: a. If Country C's GDP per capita rises from $2,500 to 7,500, and Country D's…
A: Gross domestic product is the market value of all final goods and services which is produced within…
Q: town has a population of 5000 persons but, is expected to grow by 2% every year. What would be the…
A:
Q: ssume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The…
A:
Q: a) write down the unit of measure and size of the gross domestic product variable per capita. b)…
A: Gross Domestic Product -: GDP refers to the monetary value…
Q: Suppose real GDP for 2020 is equal to Php360 billion. If the population for 2020 is estimated at 100…
A: The value of all goods and services generated by an economy in a given year is reflected in real…
Q: Over the past year, in a given country, labor productivity (measured in hours worked) has increased…
A: The labor productivity is the output of labor per hour. The increase in the number of workers may…
Based on World Bank data, Philippines real per capita
this to at least US$15,000 to attain a high income country status. By how much should real per capita
grown annually if it want to achieve this status in year a) 2028; b) 2037; c) 2055?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million. In 2000, Denmark had 3 GDP of 160 billion (measured in U.S. dollars} and a population of 5.3 million. By what percentage did Denmarks GDP per capita rise between 1980 and 2000?Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increase this to at least US$15,000 to attain a high-income country status. By how much should real per capita grown annually if it wants to achieve this status in year a) 2028; b) 2037; c) 2055?Year 1960 1980 Argentinal 2018 $5,643 Percentage of Real GDP per 1960 2018 capita real real (2010 GDP GDP dollars) per per capita capita 7,908 ? 2000 8,224 ? The accompanying table shows data from the World Bank, World Development Indicators, for real GDP per capita in 2010 U.S. dollars for Argentina, Ghana, South Korea, and the United States for 1960, 1980, 2000, and 2018. 10,044 ? ? ? ? C Ghana Real GDP per 1960 capita real (2010 GDP dollars) per Percentage of 881 $1,056 ? 952 capita ? ? 1,807 ? 2018 real GDP per capita ? ? ? 2. South Korea Real GDP per capita (2010 dollars) $944 Percentage of 15,105 1960 real GDP per capita ? 3,700 ? ? 26,762 ? 2018 real GDP per capita ? ? ? ?
- Orthodox or conventionaleconomists say that to address unequal growth between the rich and the poor, the world economy needs to grow Do you agree with this idea? Why or why not? Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your According to investopdia.com,a steady-state economy is an economy structured to balance growth with environmental integrity, seeking to find an equilibrium between production growth and population growth. This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited economic growth? Why or why not? How can humanity possibly find a balance between economic growth and social justice?The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries were able to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?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 years
- According to the table, which country will have the higher rGDP per capita in 17.5 years? Econia Macroland Nomicia Zaria rGDP per capita $5000 $8000 $12000 $15000 growth rate of rGDP per capita 10% 7% 4% 1% Nomicia because it has a higher starting GDP Nomicia because its rGDP per capita will double and Econia's will still lag behind even though it is growing at a faster rate Econia because its growth rate is higher Econia because its rGDP per capita will have time to double and then almost double againHow does a nation energy consumption an indicator of an economic growth?Don't give AI solution A country had real GDP per peria of 5800 in 2005 and has had average real GDP growth of 8.4 %per wear, over the next 15 years, What is real GDP - at the end of that period?
- A 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)?Suppose that U.S. real GDP per capita is $50,000 and grows on average at 3% per year. How long will it take for U.S. real GDP per capita to double at this growth rate? If this growth rate continues, what will U.S. real GDP r capita be in 70 years? S Suppose that U.S. real GDP per capita is $50,000 and grows on average at 5% per year (rather than 3% a year) How long will it take for U.S. real GDP per capita to double at this growth rate? years (round to nearest year) If this growth rate continues, what will U.S. real GDP per capita be in 70 years? S years (round to nearest year)The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries failed to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?