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If real GDP grows at an average rate of 3% per year, it will double in approximately____years.
A. less than 10
B. 20
C. 23
D. 36
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- The following table shows the monthly total expenditure in 2010 for an economy expressed in thousands of Canadian dollars (CAD). Month Value Jan 358.6 Feb 373 Mar 387.9 Apr May 403.5 419.7 Jun 436.5 Jul Aug Sep 454 472.3 491.3 Oct 511.1 Nov 531.6 Dec 553.1 e. What is the annualized growth rate in percentage between January and February 2010 using the exact formula? Round your answer to the nearest second decimal. f. What is the annualized growth rate in percentage between November and December 2010 using the approximation formula? Round your answer to the nearest second decimal. g. What is the value of the index base 100 = April 2010 in November 2010? Round your answer to the nearest second decimal.If 2020 GDP is $12 trilion and is growing rate of 5% per year, in what yeah will GDP reach $24 trilion? a. 2030 b.2025 c. 2034 d. 2160In the base year, a country produced 50 units of output at a price of R6,00 each for a nominal GDP of R300. This year it produces 60 units of output at a price of R8,00 each. What is the percentage change in real GDP since the base year?(a) 5%;(b) 10%;(c) 20%;(d) 15%.
- how do you calculate the precentage change in production when valued at 2018 prices?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 years3. Calculate the steady state level of investment in an economy with a savings rate of 15%, population growth of -1%, depreciation of 10%, and a= 2/3. Show your work.
- 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%If an economy's GDP will double in 15 years, then its growth rate must be about: 7% 15% 10% 4.7%Country Alpha and Country Beta initially have the same realGDP per capita. Country Alpha experiences no economic growth, while Country Beta grows at a sustained rate of 5 percent. In 14 years, Country Alpha’s GDP will be approximately _________ that of Country Beta. a)triple b)double c)one-half d)one-fourth
- 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. ASUSof Today (time 0) the nation of ZYX has a GDP of $1000. If ZYX economy grows at 3% per year, what will be its GDP in 10 years? a. $1343.92 b. $1072.93 c. $1456.84 d. $1300True or False 1) Physical capital, denoted by K, does not affect Gross Domestic Product in the long-run.
