An emerging country has a real GDP of $1446.7 billion. After one year, real GDP has grown to $1534 billion. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number. growth rate:

Q: If a country's initial real GDP is $48,861 and its yearly growth rate of GDP is 1.6%, use the Rule…

A: GDP is the gross domestic product.  GDP is the market value of all final goods and services produced…

Q: Let's assume that in a South American country, the nominal GDP went down by 1%, while, the price…

A: GDP is the value of final goods and services produced in the economy in an economic year.

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A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: How do I calculate average percent growth of Real Per Capita GDP using FRED database for years…

A: The growth rate refers to the rate at which a variable changes in percentage terms from period to…

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A: The GDP is the total income from goods and services produced domestically during a particular period…

Q: Assume GDP of a (tiny) country at time zero is equal to $133.00. Calculate GDP 11 years later if the…

A: The objective of the question is to calculate the GDP of a country 11 years later given the initial…

Q: Please define and discuss Economic Growth with examples

A: Economic growth means a rise in the production of goods & services in a country. It means a rise…

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: what causes two country to have similar investment but different growth rate

A: There are many factors which affects growth rate of any country besides the investment.

Q: Why do poor countries often exhibit much stronger growth rates than rich countries ?

A: Poor countries are those which have low GDP, which have recently become independent. There are…

Q: Real GDP per capita increases by 9% in the first year and by 5% in the second. After 2 years, what…

A: We assume that the real GDP per capita in Year 0 is $100 After one year in Year 1 our GDP increases…

Q: The growth rate of nominal GDP in 2019 is percent.

A: Nominal GDP is the value of all goods and services in an economy at the current price.

Q: Marvin Duroster бор per person 1. A country had real GDP of 5800 in 2005 and has had average real…

A: The real GDP per person is 5800 in 2005. The average real GDP growth is 8.490% per year for next 15…

Q: What is the impact of productivity growth on a nation's inflation rate or level

A: Inflation rate: It means a general rise in the price level in an economy over a period of time.

Q: Suppose a country's real GDP doubles in approximately 55 years. What was its constant annual growth…

A: The annual growth rate is a measure of the increase in a quantity (such as a country's GDP,…

Q: True/ False.  Real GDP is a better indicator of economic growth than nominal GDP.

A: GDP stands for gross domestic product which means the total market value of final goods produced…

Q: What factors are generally considered responsible for GDP growth in developed countries? Have the…

A: Gross domestic product is the summation of a country's final goods and services. The economic…

Q: What are the fluctuations in Ghana economic growth from 2018 to 2021?

A: Economic Growth A rise in the production of economic goods and services is characterized as economic…

Q: if real GDP increases from $100 bilion to $105 billion, and the population increases from 100…

A: HERE WE CALCULATE THE GROWTH RATE OF REAL GDP BY USING THE GIVEN INFORMATION  WHICH ARE AS FOLLOW-

Q: Are remittances has a positive or negative correlation with economic growth? If YES, Why? If NO,…

A: Remittance refers to a payment of money that is transferred from one party to another party. in a…

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: Calculate the GDP growth rate between 1BFNA output and 1AFNA output:  Your answer should be in…

A: GDP Growth Rate Formula:GDP Growth Rate = ((1AFNA output - 1BFNA output) / 1BFNA output) * 100%Step…

Q: What is gross capital formation reflecting in terms of GDP of a country? What it indicates when the…

A: Gross domestic product is the total market  value of of goods that is produced domestically during…

Q: Does a country need to be well endowed with natural resources in order to experience rapid long-term…

A: Economic growth refers to the increase in the amount of goods and services produced in the economy.…

Q: South Africa's economic growth rate in 2018 was percent. percent. The growth rate of real GDP per…

A: Economic growth rate:  Economic growth rate is the percentage of the value of the real gross…

Q: If the current real GDP growth rate and population growth rate are maintained, real GDP per person…

A: Rise in the production of goods and services on the sustainable basis is known as economic growth.…

Q: Are remittances has a positive or negative correlation with economic growth? If YES, Why? If NO,…

A: Remittance is the income which worker settled in aboard send to their families in their home…

Q: In 2014, the GDP of Russia was $5500. Suppose that Russia has a growth rate of 3.4%. a. What is…

A: a. The GDP is the summation of the money value of all the final goods and services produced within…

Q: explain what factors help sustain economic growth in an economy.

A: Sustaining economic growth is a fundamental goal for any nation seeking to improve living standards…

Q: Nominal GDP of country B grows from $30 billion to $33 billion between 2020 and 2021. Between 2020…

A: A government's nominal GDP is determined using price levels and is not indexed to inflation. Compare…

Q: If the growth rate in an economy is 2%, its GDP will double in about:    48 years.…

A: Rule of 70 is used to determine the expected time in which the value of investment done in time 0…

Q: An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.

A: GDP refers to the all final value of good and services produced in the domestic territory of the…

Q: the population of a city grows by 3% each year. What is the growth factor?

A: In economics, the term "growth factor" refers to a measure that quantifies the rate at which a…

Q: balanced growth

A: Economic growth implies increase in production of goods and services. Increase in human capital,…

Q: In year 2012, the size of an economy is equal to $15 trillion; in 2013, it increases to $16.5…

A: Given that: GDP2012 = $15 tnGDP2013 = $16.5 tn Let us calculate the growth rate: g = GDP2013 -…

Q: How can a nation’s budgets support growth

A: A budget in economics is described as the estimation of expenses and revenues over a particular…

Q: Understanding of growth is important because it means that the country wants to grow in which region…

A: Economic growth refers to an increase in the value of goods and services produced in the economy…

Q: What is the advantage of using real GDP over nominal GDP in evaluating the economic growth of a…

A: The value of all products and services produced inside a nation's boundaries during a certain time…

Q: The economy's real GDP was $140 billion in 2019 and $280 billion in 2020. Its population was 15…

A: Given information: Real GDP in 2019: $140 billion Real GDP in 2020: $280 billion Population in…

Q: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…