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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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
Transcribed Image Text:Consider the average annual growth rate 5.93% of 2000-2005, and forecast the population in Abu Dhabi in 2011. Use the continuous
compounding equation of growth.
Year Abu Dhabi
Nationals Non-nationals Total
1980 90,792 361,056
1985 135,982 430,054
1990 173,992 556,389
1995 222,627 719,836
2000 248690 846,267
2005 348048 1,049,207
UAE
451,848 1,016,789
566,036 1,350,433
730,381 1,811,457
942,463 2,350,192
3,050,127
4,481,976
6
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- sub abc have been solved, pls help me D and E, thank you. A1=2710.336 A2=2659.384 A3=386,455.172 A4= 378,225.721 b) Real GDP growth rate in 2020 =(2671.57−2844.56)/2844.56*100= −6.08%Nominal GDP growth rate in 2020=(2688.54−2844.56)/2844.56*100)= −5.48%population size= Real GDP/ Real GDP per capita = 2,671.569 billions/359647.43unit=0.0074 billion c) Inflation rate increment on the grounds that An increment in inflation implies that costs have risen. With an expansion in inflation, there is a decrease in the buying influence of cash, which lessens utilization and thusly GDP decreases. from the information we can see GDP decreases.arrow_forwardIf an economy's GDP will double in 15 years, then its growth rate must be about: 7% 15% 10% 4.7%arrow_forward18 If real GDP is 250 in Year 1 and 300 in Year 2, what is the growth rate of real GDP Group of answer choices 5% 20% 50% 16%arrow_forward
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