If real GDP grows at an annual rate of 1.19% then we can expect real GDP to double in approximately how many years? Enter a number rounded to two decimal places.

A country GDP is increasing however it's output remains the same in the several years. What can be be the reason behind this?

Country A produces GDP according to the following equation: GDP = 5√K. The country has a savings rate of 16.3% and 8.1% of capital depreciates every year. What is this country's steady state amount of GDP? Round your final answer to two decimal places.

Essay. Aside from GDP, why should we use the Human Development Index to measure the economic development ?

The table below shows data over several years for a country's real GDP, the number of full-time employed workers (E), and the annual average number of hours worked per worker (H). a. & b. For each of the four years, compute real GDP per worker-a standard measure of labour productivity and a slightly more complex measure of labour productivity-real GDP per hour worked. (Round your answers to the nearest cent.) Year 1 5 10 15 Real GDP $525 billion $574 billion $655 billion $767 billion Full-time Employed Workers (E) 12.7 million 13.5 million 14.5 million 15.2 million Number of Hours Worked per Worker (H) 2011 1961 1937 1905 GDP E GDP EXH

If a nation's real GDP is growing by 6 percent per year, its real GDP will double in approximately ________.  Answer to 2 decimal places.

Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for GDP to fall while per capita GDP is rising?

Describe the various components of fluctuations in economic activity over time. Because economic activity fluctuates, how is long-term growth possible?

An emerging country has a real GDP of $1532.8 billion. After one year, real GDP has grown to $1.640 x 103³ billion.. percentage terms, what is the growth rate? Please round your answer to the nearest whole number. Macmillan Learning growth rate: de

If a country's initial real GDP is $54,504 and its yearly growth rate of GDP is 3.9%, use the Rule of 70 to determine approximately how many years it would take for this economy to double its GDP.  Round your answer to two digits after the decimal.