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- An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it grows at an annual rate of 2 for 20 years? 2 for 40 years? 4 for 40 years? 6 for 40 years?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)?If X grows at a rate of 9% a year, and Y grows at a rate of 14 percent per year, what is the growth rate of X/Y? a. 23% b. -5% c. 5% d. (9/14) % A nation’s population is growing 5% per year, and its total GDP is growing 1% per year. What is the annual rate of growth of GDP per capita? Feel free to round to the nearest percentage point:.
- GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [Country-X = Country-Y] Growth Rate: 3% 10 0.1% 10.0% 8 Country-Y 7 Initial Value 2,000.00 ($50 – $10,000) 5 4 Growth Rate: 1% 0.1% 10.0% 2 1 35.4 уrs. E CALCULATIONS 0 5 10 15 20 25 30 35 40 Years Value in Country-X Country-Y 10 years $1,343.92 $2,209.24 20 years $1,806.11 $2,440.38 30 years $2,427.26 $2,695.70 Country-X Country-Y Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose countries X and Y each produce $2,000 of goods and services per year. Country X experiences 2% growth per year, while country Y experiences 4% growth per year. a) What is Country X's production after 20 years? $[ b) What is country Y's production after 20 years? c) If two amounts are initially equal but one grows twice as fast (ex: 2% growth versus 4% growth), the amount that grows faster will have increased by (Click to select) V twice as much.QUESTION 2 If Z = (XY)2, and we know that the annual growth rate of Z is 3%, and the annual growth rate of X is 2%, the annual growth rate of Y is а. - 1% b. - 0.5% C. 0.5% d. 1.0%Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increasethis to at least US$15,000 to attain a high income country status. By how much should real per capitagrown annually if it want to achieve this status in year a) 2028; b) 2037; c) 2055?
- 4. You have been hired to forecast future population level for a small country. You know that this country currently has 15 million citizens and wishes to achieve a population level twice the current population, 50 years from now. (a) What population growth rate must it maintain in order to achieve this goal? (b) What if this country chooses a goal of 36 million people? What population growth rate would that require?At an annual growth rate of 3.5% it will take approximately years for a country's GDP to double. Over the next 60 years, how many times will GDP double, assuming the growth rate does not change? If GDP starts at a value of $10 million, then in 60 years the value of GDP will be $ million. In 60 years the value of GDP will be times larger than it is today. ASUS· 25. The most commonly used measure of the economic growth of a country is which of the following? (A) Gross national product (B) Level of exports (C) Level of imports (D) Fertility rate (E) Externalized costs
- You know that it takes approximately 20 years for nominal GDP per capita to increase by 40% in Country A. Over the same period, accumulated inflation is 15%. What is the average annual growth rate (g) of real GDP per capita in this country over these 20 years?GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [Country-X = Country-Y] Growth Rate: 3% 10 9 0.1% 10.0% 8 Country-Y 7 Initial Value 6 2,000.00 ($50 – $10,000) 4 Growth Rate: 1% 3 0.1% 10.0% 2 35.4 уrs. CALCULATIONS 0 5 20 35 40 10 15 25 30 Years Value in Country-X Country-Y 10 years $1,343.92 $2,209.24 20 years $1,806.11 $2,440.38 30 years $2,427.26 $2,695.70 Country-X Country-Y Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose country X currently produces $1800 of goods and services per year with a constant growth rate of 4.8% per year. Country Y's production is currently $4500 with growth of 3.0% per year. a) Using the rule of 72, how long does it take for country X's production to double? | years b) Using the rule of 72, how long does it take for country Y's production to double? | years c) Even if an intersection point does not appear on the graph, will the production level…Please no written by hand and no emage Ecuador has a GDP of $89.0 billion (measured in U.S. dollars) and grows at 1.3% per year. Using the Compound Rate formula in the textbook, what is the country’s GDP after 6 years? A. $99.3 billion B. $96.2 billion C. $95.4 billion D. $93.1 billion
