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- List the components of GDP in the output (expenditures) approach.
- Please calculate the growth rate based on the following information:
U.S. GDP 2022 = 22.1 trillion dollars
U.S. GDP 2021 = 20.3 trillion dollars
U.S. GDP 2020 = 19.1 trillion dollars
What is the growth rate between 2021 and 2022?
What is the growth rate between 2020 and 2022?
- Using Google, what are the 2021 GDP for the following countries: Vietnam, Indonesia, Brazil and Russia?
- Compare the GDPs from question 3 to the U.S. and provide your analysis?
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- Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available: • GDP in constant international dollars or PPP • Population • GOP per person in constant international dollars • Mortality rate, infant (per 1,000 live births) • Health expenditure per capita (current U.S. dollars) • Life expectancy at birth, total (years)According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: The G D Ps are as follow: United states, 21.43; China, 14.24; Japan, 5.08; India, 3.87; Great Britain, 2.83; Russia, 1.70; Mexico, 1.27; Sweden, 0.53; Greece, 0.21; Haiti, 0.08. Instructions: Round your responses to the nearest whole number. Russia? _________% larger Germany? ________% largerThere is a chart for quesition 2 that is attached as an image. Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie’s real GDP? If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie’s rate of economic growth? Explain why sustained long-term economic growth comes from increases in labor productivity. Why do you think the trend rate of U.S. productivity growth has increased since the earlier 1973–1995 period? Hint: The quantity of labor and increases in labor productivity are important sources of economic growth. Between 1953 and 2015, in the US economy the labor force increased from 63 million to 158 million workers. Productivity growth has usually been the more significant factor. To calculate real GDP in a given year you have to multiply hours worked by productivity. 2. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its…
- Refer to Table 4.3 “The Model’s Prediction for Per Capital GDP” on page 83. Why is the “observed per capita GDP” in the last column 1.000 for the U.S.? A. The U.S. per capita GDP was $1,000 in real terms for the year given in the table B. It means the U.S. economy produces 100% of what it’s supposed to produce C. It means the U.S. economy uses 100% of all available capital in the country D. U.S. values are set, or normalized, to 1 while the other countries’ values are all relative to the U.S. valuesThe table below lists GDP and GDP growth rates for the countries of Cortania, Microtania, and Boxtown. Fill in the final column, which asks for the GDP in each country 13 years later. Country GDP in $ billions GDP annual growth rate (%) Cortania Microtania Boxtown 10600.00 44000.00 48100.00 3 2 4.5 GlThe following table gives nominal GDP, real GDP, and the population for two years. Find per capita real GDP in each year and fill in the table. (Round your answers to two decimal places.) Year Nominal GDP Real GDP Per Capita Real GDP Population 2010 7,800 7091 100 2011 8,190 7000 106 The growth rate of real GDP between 2010 and 2011 was %, and the growth rate of per capita real GDP was%. (Round your answers to two decimal places.)
- to per * 6. U.S. growth: On page 52, we noted that the growth rate of per capita GDP. the United States between 1870 and 1929 was slightly lower than 2.0%A the growth rate between 1950 and 2018 was slightly higher. Using the follows table, calculate the actual average annual growth rates during these twvo period Year US. income 1870 $3.629 1929 $9,827 1950 $16,294 $61,125 2018Given the data table below: Year 2015 2016 2017 2018 2019 2020 2. GDP Deflator, Real GDP, 2015-100 2015-100 100.00 100.40 103.30 106.90 106.50 103.30 423,444.10 438,712.15 458,776.09 475,673.62 480,957.65 461,185.67 The Average Annual GDP Growth from 2018-2020 is (Hint: You'll need growth rates from 2017-2018, 2018-2019, 2019-2020 to answer this)Calculate real growth per capita in the following countries:Instructions: Round your answers to 1 decimal place. If you are entering a negative number be sure to include a negative sign (-) in front of the number.a. Democratic Republic of Congo: population growth = 2.7 percent; real output growth = - 1.5 percent. %. b. Estonia: population growth = - 0.5 percent; real output growth = 4.4 percent. %. c. India: population growth = 2.2 percent; real output growth = 6.3 percent. %. d. United States: population growth = 0.6 percent; real output growth = 2.7 percent. %. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Use some of the information below to calculate an economy's 2022-2023 economic growth rate. 2022 Nominal GDP: $200 billion 2023 Nominal GDP: $205 billion 2022 Real GDP: $227 billion 2023 Real GDP: $236 billion September 2022 Consumer Price Index: 150 September 2023 Consumer Price Index: 153 September 2022 Number of employed: 110 million September 2023 Number of employed: 120 million September 2022 Number of unemployed: 10 million September 2023 Number of unemployed: 11 million 5.3% 2.0% 4.0% 2.5% 5.6%The following table gives real GDP figures for an economy for four years. Fill in the growth rate for each year, and then find the average annual growth rate for the period. Enter all answers as percentages rounded to one decimal place. The average annual growth rate for this period is Year 1999 2000 2001 2002 %. Real GDP 140 billion 151.2 billion 166.3 billion 176.3 billion Growth Rate (%) % % %The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population completed in mid-2014. Value Real GDP 2018 $18,121.00 billion Real GDP 2019 $19,027.05 billion Population 2018 Population 2019 329.00 million 332.29 million The real GDP growth rate between 2018 and 2019 will be 5 %. (Round your response to two decimal places.) The population growth rate between 2018 and 2019 will be 1 %. (Round your response to two decimal places.) Per-capita GDP in 2018 is projected to be $. (Round your response to two decimal places.) Per-capita GDP in 2019 is projected to be $ (Round your response to two decimal places.)
