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- The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. Why have some countries reduced the gap between their incomes andthat of the United States and other countries failed to do so?is the single most important source of productivity. O Current saving O Equity Technological advancements O Current consumptionThe following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries failed to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?
- Canadian real GDP per capita is 50,097 (measured in constant 2017 USD, same for thefollowing numbers) in the year 2019 and 40,489 in the year 1999. Canadian real capital stockper capita is 226,225 in the year 2019 and 155,256 in 1999. Calculate the growth rate of GDPper capita in Canada for these two decades, as well as the contribution from productivitygrowth and that from capital accumulation. You can use a capital share α of 1/3.How does the rate of population growth influencethe level of GDP per person?E 4 B 3.9 Relative Rate of Cha X + v A https://bconline.broward.edu/d2l/le/content/408160/vi Knewton - Login i-Ready h access.heropowered. Somerset Academy - W Grades BROWARD CCOLLEGE MAC2233 CALC BUS-SOC-LIF.. Tools v More Assessments v Course Home Content Grades Communication v 3.9 Relative Rate of Change and Elasticity of Demand MILEI pret EldsuliLy UI UefidiIO Question A t-shirt seller currently sells one type for $20 per shirt. The price p and the demand for shirts are related by D(p) = 1000 – 24p. If the current price is increased, will revenue increase or decrease? Select the correct answer below: Revenue will increase because demand is inelastic. Revenue will decrease because demand is inelastic. Revenue will increase because demand is elastic. Revenue will decrease because demand is elastic. 10 FEEDBACK SI Content attribution Kavier Taylor Type here to search
- In the famous book called “Essay on the Principle of Population” (published in 1798) the Englisheconomist Thomas Malthus pointed out that due to fixed quantity of land in the world, aspopulation of the world grow the amount of land per worker will decline and future productivitywill fall. Having learned about the factors that contribute to economic growth, why do you thinkhis prediction about the future of the word turned out to be incorrect? Provide a brief explanation.What is the largest contributing factor to human population growth during the 20th and 21st century? a decrease in birth rates an increase in death rates O a decrease in death rates O an increase in birth ratesThe following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries were able to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?
