A small county wants to increase its real GDP from $18,000 to $36,000. If they want this to happen in 9 years, what rate of growth do they need to have each year?
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- A small county wants to increase its real
GDP from $18,000 to $36,000. If they want this to happen in 9 years, what rate of growth do they need to have each year?
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- Economic growth. Two key sources of economic growth have been due to increases in resources and increases in productivity. a. Please explain 5 factors that might contribute to falling U.S. GDP growth rates. b. Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. c. Please explain 5 factors that might contribute to rising U.S. GDP growth rates. d.Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase.ASAPHow does increasing the level of public education spending typically affect the long- term economic growth of a country? A. It has no effect on long-term economic growth. B. It reduces long-term economic growth due to higher taxes. C. It increases long-term economic growth by improving the workforce's skills and knowledge. D. It initially boosts economic growth but leads to a decline in productivity over time.
- 1 A nation can achieve higher economic growth if Select one: a. the government increases the taxes on investment capital. b. it devotes more resources to research and development. c. it focuses its resources on consumption goods.Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita greater than that of the United States. Some examples are China, Japan, South Korea, and Taiwan. Does that mean the United States is regressing relative to other countries? Does that mean these countries will eventually overtake the United States in terms of the growth rate of real GDP per capita? Explain.7. What rate of GDP growth would the government need to meet its goal of doubling the population's living standards in 18 years? Group of answer choices 4 percent 3 percent 2 percent 1 percent
- How is economic growth measured? Question 1Answer a. The percentage change in the employment rate b. The percentage change in income taxes collected by the government c. The percentage change in real GDP d. The percentage change in the unemployment rateWhat are the arguments for and against Economic Growth? Write in four paragraphsThe table below shows the real GDP and population for the years 2000 and 2010 of a small island nation. Year Real GDP Population 發 2000 10,000 800 2010 22,000 950 Where applicable, round your answers to two decimal places. (a) Calculate the annual growth rate of real GDP over the 10 years (from 2000 to 2010). (b) Calculate the annual growth rate of real GDP per capita over the 10 years (from 2000 to 2010).
- Over the 120 years from 1900 to 2020, the average growth rate of U.S. real GDP per person was 2 percent a year. What does this tell us? A. Real GDP grew faster than the population. B. The growth rate of real GDP was 2 percent a year on average. C. Real GDP grew slower than the population. D. The growth rate of real GDP was less than 2 percent a year on average.a.Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. b. Please explain 5 factors that might contribute to rising U.S. GDP growth rates. c. Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase.Small differences in growth rates in the size of the economy, over several decades, will result in big differences in the size of the economy. Pretend we start in 1950 and the U.S. growth in real GDP has been around 3.15%. This has resulted in real GDP growing 8 times over this 70-year period (1950 to 2020). If real GDP growth had been 4.0%, real GDP would be times larger. a. 8 (about the same growth as with 3.15% growth) b. 10 С. 14 d. 16