If income per capita is growing at a constant rate 3%, how long will it take to double?

Q: Growth and development: In 2014, Ethiopia had a per capita income of $1,500,about $4 per day.…

A: The growth rate refers to the rate of change in a variable over a period of time. It is calculated…

Q: If GDP is expected to increase at a steadyrate of 3% per year, how many yearswould it take for…

A: Given steady rate of GDP growth = 3 % Time = ? Rule of 72 shows how many years it will take the GDP…

Q: Approximately what percentage is economically recoverable?

A: economically recoverable The percentage of technically recoverable elements which could be generated…

Q: What is the relationship between property rights, corruption and economic progress? do the…

A: There is a direct relationship between property rights and corruption.

Q: What are the 12 economic growth indicators

A: Economic indicators help in gauging the performance of the nation. This also aids in comparison of…

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: 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: Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increase…

A: Real GDP per capita in 2019 = 3850 $ Future value = 15000 $

Q: What is the instantaneous rate of growth of y in each of the following? (a) y = e0.07t (b) y =…

A: The instantaneous rate of growth of output measures the amount by which the output will increase in…

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: ma

A: Green engineering is the commercialization,design and use of products and processes which minimize…

Q: Regard x and y as continuous variables. If x grows at 3% rate and y grows at 2% rate, what is the…

A: Given: Growth rate of x = 3% i.e =0.03 Growth rate of y = 2% i.e. = 0.02 z=x12y12

Q: If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate?…

A: We could solve this with the help of formula

Q: At an annual growth rate of 1.75% it will take GDP starts at a value of $100 million, then in 200…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: population

A: Real growth rate = Births - Deaths = 3% - 1% = 2%

Q: What should be done to compare dollar values of different purchasing power from one period to…

A: Due to the effect of inflation in an economy the purchasing power changes with time, and to compare…

Q: Since population growth is income growth in the steady state, is the only variable that affects the…

A: In a steady state of economy we will find many observations :- Here the technical progress is…

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: If real GDP in the year 2000 was 100 and the growth rate is 5 per cent per annum what will be the…

A: The formula: Real GDP after n th year=real GDP now *(1+g)n n=years=2100-2000=100 years g=growth rate…

Q: At a growth (interest) rate of 8% annually, how long will it take for a sum to double? To triple?…

A: The rule of 72 is used to calculate the number of years it takes for an investment to double.…

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: How docs the rate of population growth influence thelevel of GOP per Jl<'rson?

A: The "population growth rate" is the pace at which a population's number of individuals grows over…

Q: Over the last 5 years, the population level of a certain area has gone from 200,000 to 250,000, and…

A: Gross domestic product is known as the growth of the country. The gross domestic product is the…

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: A country starts with real GDP per capita of 500, and is growing at 4.3% per year. After 70 years,…

A: Given  Real Gdp per capita = 500  Growth rate = 4.3% = 4.3/100 = 0.043 After 70 years the real GDP…

Q: If the population of Camelot was 13 in the year 1723, and they have a growth rate of 3.5%, what is…

A: HERE we calculate the population in 2020 by using exponential growth equation which are as follow-

Q: If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it…

A: GDP refers to the value of all final goods and services produced in an economy over a given period…

Q: Explain life expectancy rate in the philippines

A: The amount of years an individual can probably live is referred to as "life expectancy." In the…

Q: Downtown has been experiencing an explosive population growth of 10% per year. At the end of 2017…

A: Compound interest rate formula  Amount = Principal (1 + r)^n

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: 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: How is a steady state level of capital determined mathematically? Can use graphs to aid in…

A: The steady level of capital is an important concept of Solow model. The model was developed by…

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: I ncia.wwnorton.com b. Per capita real GDP doubled in South Korea again in only seven years,…

A: Real GDP in 1981 is $800 Real GDP in 1988 is $1600 Time period= 7 years

Q: Contrast the views of environmental scientists with thoseof economists regarding whether population…

A: Population growth refers to an increase in the number of people in an economy during a year.…

Q: If GDP is growing at an annual rate of 6%, in how many years will GDP double?

A: "GDP is the gross domestic product which measures the market value of goods and services produced by…

Q: Minutes before addressing his nation, a country's president has asked quickly calculate how long it…

A: The number of years it takes for a country's economy to double in size is equivalent to 70…

Q: town has a population of 5000 persons but, is expected to grow by 2% every year. What would be 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: .At an annual growth rate of 7 percent, real GDP will double in about. a. 11.5 years. b. 10 years.…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real…

A: If  GDP is Y, Growth is g% per year, after t years the GDP will be Y(1+g100)t Here given Y= $19222…

Q: b. The (annual) growth rate of real GDP in 2021 is ___%. (Enter your response as a percentage…

A: The gross domestic product(GDP) is defined as the market value of all the final commodities produced…

Q: Using the rule of 70 and assuming real GDP per capita increases at 4% per year, how many years will…

A: As given Real GDP per capita increases at 4% per year According to rule of 70 Number of years =…

Q: C. What is the average growth rate per year of these two time periouds?

A: GDP deflator is the ratio of nominal GDP and Real GDP . GDP deflator = (Nominal GDP / Real GDP )*100…

Q: If a country was growing at a rate of 4% per year how long would it take that country to double its…

A: According to Rule 70: The number of years to double = (70 / Annual growth rate) Note: If the annual…

Q: What is the growth rate in Country A in 2020? Select one: a. % 10 b. % 5 C. % 25

A: Growth rates refer to the percentage change of a specific variable within a specific time period.…