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A: Answer is given below
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A: Given: US per capita GDP=Present value=PV=$50,000Growth rate=i=3%n=70 years
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A: 1. Real GDP for 2017 = ( 900x3.50) + (2200x6) + (500x7) = 3150 + 13200 + 3500 = 19850 Hence, Real…
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A: Gross Domestic Product : GDP is a measure of the size of a country's economy. When GDP goes up, the…
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A: Growth indicators are statistical findings that are used to judge the developmental changes of a…
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Q: Economic growth
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A: Since you have asked for multiple questions, we have answered the first one for you. If you want the…
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A: Real GDP measures market value of goods and services using constant set of prices.
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A: Real GDP is one of the significant measures of increment in income level or economic growth. It…
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A: Given: The nominal GDP increases from = $15 trillion to $17 trillion The price level increases from…
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A: Given, Nominal GDP growth = 10% Inflation growth rate = 5% Population growth rate = 2%
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A: Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to…
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A: GDP in 2008 = $7,900 Growth Rate = 2% per annum The future value can be calculated by the following…
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- A nation's real GDP was $250 billion in Year 1 and $270 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?If real GDP in year 1 is $487 billion and it is $498 billion in year 2, what is the economic growth rate equal to?Suppose that in a particular country, nominal gross domestic product(GDP) grew by 8 percent and the GDP deflator increased by 10 percent. The country's growth rate of real GDP would be approximately equal to?
- A nation's real GDP was $250 billion in Year 1 and $265 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? Multiple Choice 15.0 percent 6.0 percent 5.7 percent 1.1 percentIncome claculation for year 2013 are : Consumption=$40, Government Expenditure=$50, Investment=$25, Imports=$30, Exports=$35, Net Factor Income Abroad=$28, Subsidies=$16, Taxes=$14.5, Depreciation= $10 If the Real GDP for year 2012 is $115 billion, then calculate the economic growth rate for 2013Assume a hypothetical economy that produces only one good – Peanut Butter. In year 1, the quantity produced is 4 packs and the price is Rs.400 per pack. In year 2, the quantity produced is 5 packs and the price is Rs.500 per pack. In year 3, the quantity produced is 6 packs and the price is Rs.600 per pack. Year 1 is the base year. What is the percentage growth rate of real GDP from year 2 to year 3? What is the inflation rate as measured by the GDP deflator from year 2 to year 3? In this one-good economy, how might you have answered parts (d) and (e) without first answering parts (b) and (c)?
- Why is Real GDP a better indicator of productive growth than Nominal GDP ?Why is real GDP a better measure of economic growth than nominal GDP?Suppose an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
- 2001, a country had a real GDP of $30,000,000 and in 2002, real GDP was $40,000,000. What was the country's economic growth rate from 2001 to 2002?Year Real GDP Nominal GDP 2019 $15,510.79 $17,310.70 2020 $17,495.23 $18,761.83 2021 $18,209.59 $19,253.97 Refer to the table above. What is the growth rate in real GDP from 2020 to 2021? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.An emerging country has a real GDP of $1446.7 billion. After one year, real GDP has grown to $1534 billion. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number. growth rate: