3. The world was growing at a constantgrowth of 0.00007% rate between 100,000BC and 1750AD. If birth rates per thousandaveraged 35 during this period , what wasthe average death rate in equilibrium.(approximately)O 3135408. Which of the following statements iscorrect?A model is an exact representation of whatgoes on in the economy.Equilibrium in GDP growth rate is when thegrowth rate is zero.A model is an economic relationship that isonly represented by mathematics.Equilibrium is a self-perpetuating situationthat does not change, unless a force forchange is introduced from the outside andalters the basic data describing thesituation.9. According to Malthus, which of thefollowing are the not the causes ofdiminishing average product of labor?Environmental effects of over-cultivation(e.g. increased carbon emissions)Increase in population growth rateMore labour is devoted to a fixed quantityof land.The new land brought into cultivation is ofinferior quality30

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ENGR.ECONOMIC ANALYSIS

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Assume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The annual growth rate in West Swimsuit is 2.33%, while in South Darlinia it is 7%. How many years will it take for South Darlinia to catch up to the real per capita GDP of West Swimsuit? What will the income of the two countries be when it is equal? type answer only. Do it correctly. Multiple votes will given accordingly.
The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries were able to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?
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3. The world was growing at a constant growth of 0.00007% rate between 100,00O0 BC and 1750AD. If birth rates per thousand averaged 35 during this period , what was