The economy's real GDP was $140 billion in 2019 and $300 billion in 2020. Its population was 15 million in 2019 and 20 million in 2020. What is the growth rate of real GDP per capital from 2019 to 2020?
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The economy's real GDP was $140 billion in 2019 and $300 billion in 2020. Its population was 15 million in 2019 and 20 million in 2020. What is the growth rate of real GDP per capital from 2019 to 2020?v
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- 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.Only typed answer Suppose a country's real GDP doubles in approximately 55 years. What was its constant annual growth rate? Leave 2 decimal places in your answer.No Plagiarism Please! How do improvements in technology and human capital influence productivity, economic growth, and standard of living within an economy?
- ASAP2. You are a manager at a large shampoo company and on the search for future markets. You identified two low income countries that look very dynamic: Country A has a GDP/capita growth rate of -1% and population growth rate of 9%. Country B has a GDP/capita growth rate of 7% and constant population. (a) Discuss which country you should focus on for your expansion. (b) Discuss if your answer would change if the products you are trying to sell are cars.Saved Help Save & Exit Subm A nation's real GDP was $500 billion in Year 1 and $520 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? Conomic Growth Quiz i Multiple Choice Mc Graw 3.8 percent 2.0 percent 4.0 percent 8.0 percent # 1 2 3 0 a MacBook Pro 54 $ % & 5 6 7 W E R T Y U * 0 田 61 9 Ο - A S D F G H J K L N X C T H command < B N M < V- H ዓደ יד P { سانی .... . V =- ? command option } 1
- 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…Final output in the economy is pro- duced using capital K and labor L. The production function is: Y = ĀK/ L^/5 Assume that the supply of all inputs are exogenous and equal to L and K. Perfectly compet- itive firms are price-takers and choose how much capital and labor to demand by maximizing profits. Let w and r denote the wage and rental rate of one unit of labor and capital respec- tively.2. Choose 1 country from Latin America, or Africa, or Asia. Find its birth (fertility) rate, death (mortality) rate, and population growth rate in 2021 or 2022. (You can use any source of information but make sure you mention this source in your answer.) Based on the information you find; calculate how many years will it take for this country to double its population.
- a) Prepare a table and line graph showing the unemployment and economic growth rate for a Caribbean country and a developed country (other than the US) for the last 5 years. Examine the relationship observed between the two countries. b) Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy. Use examples to clearly illustrate how EACH policy can stimulate employment and facilitate economic growth in your country.1. Japan’s real GDP was 525 trillion yen in 2009 and 535 trillion yen in 2010. Japan’s population was 127.6 million in 2009 and 127.5 million in 2010. Calculate a. The economic growth rate. b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GDP per person in Japan to double if the real GDP economic growth rate returns to 3 percent a year and the population growth rate is maintained.The real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?
