Economics  suppose that the GDP of california increases by 8.0% each year. how long will it take for the GDP of California to double? round your answer to one digit after the decimal.   _______years   suppose that the gdp of oregon today is exactly twice what it was 32 years ago. what was the average annual growth for oregon over this time period? round your answer to one digit after the decimal.   _____________% each year.

Q: In question 6) they also ask to calculate per capita consumption for China and New Zealand would…

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A: Here we will use the future value formula in case of compound interest rate. Which is given as…

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Q: Country alpha and beta initially have the same real GDP per capita. Country Alpha experiences 3%…

A: Initial GDP is assuming as X. GDP growth of alpha can be calculated as follows. New GDP is X1.5126.

Q: that in 1965 Japan had an initial per capita GDP of $12,000 per year and China had an initial per…

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Q: In the last century, Tunisia’s Gross Domestic Product (GDP) has grown rapidly on average 5% per…

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Q: q7

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Q: Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What…

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A: Price level is increased by=146-7272×100=102.77%Increase in real GDP=2.3-1.21.2×100=91.66%Average…

Q: 1. Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked.…

A: Work hours = 2000 Productivity = $8 / hour in year 1 GDP in year 1 = Work hours * Productivity GDP…

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A: Let the present value = 153. Rate of growth = 7% = 0.07 T = 17 years

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Q: growth rates

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A:

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Q: Suppose that U.S. real GDP per capita is $50,000 and grows on average at 3% per year. How long will…

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Q: Year 1960 Argentinal 2018 $5,643 Real GDP per 1960 2018 capita real real (2010 GDP GDP dollars) per…

A: * SOLUTION :-  From the given information the calculation is given as follows