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 2,000.00 ($50 – $10,000) 5 Growth Rate: 1% 4 3 0.1% 10.0% 1 35.4 yrs. E CALCULATIONS 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 Country-X Country-Y 30 years $2,427.26 $2,695.70 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.

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In 2018, the country of Questville had a GDP of $39000.00 and the country of Mistania had a GDP of $19500.00, which is half, or 50% of Questville's GDP. If Questville grows at the slow rate of 1% for 5 years while Mistania grows at the fast rate of 6% for 5 years, what will Mistania's GDP be as a percentage of Questville's GDP in 5 years from now? Include the % sign in your answer. Does this example illustrate the concept of convergence? OYes SONO

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62. What is a problem with the geographical explanation for economic growth? (A) It ignores Malthusian dynamics. (B) Countires like Singapore, with unfavourable geography, are rich. (C) Geography is the outcome of millennia of historical processes that are not fully understood. (D) It ignores the productivity explanation for economic growth.

Describe the different ways to determine the rate of return?

If an economy's GDP will double in 15 years, then its growth rate must be about:    7%            15%            10%            4.7%

With continuously compounding population growth of 3% per year, starting with a population of 1 million people, how many people will there be after 100 years, to the nearest million?    a. 4 million    b. 20 million    c. 26 million    d. 10 million

what is the growth rate between 146000 and 108000

In 2017, the population in the US was estimated at 325.1 million. The population in 2018 was estimated to be 326.8 million. Assuming that the population growth is compounding annually at a constant growth rate, calculate the growth rate from year 1 to year 2. Source: United States Census Bureau 0.45 % 5.2 % 4.5 % 0.52%