The real GDP in 2010 was $1,800 billion and $1,944 billion in 2011.What is the growth rate in real GDP measured in percentage change? Question 9Answer a. 6% b. 7% c. 5% d. 8%

QUESTION 6 10 pc You are given the following information for an economy. Real GDP Population 2018 $600,000 1000 2019 $620,000 1200 From the information calculate the following: • Calculate the real GDP per person for 2018 and 2019 • Calculate the economic growth rate from 2018-19 Make sure to show the steps. TT T v 3 (12pt) v T-E -E - - 2 S 回i Arial

You are going to compare and contrast the GDP of the United States to that of another country of your choice for the last 3 years. Your report in narrative format should address the following questions: Describe the current GDP growth rate of the two countries. Which component of the GDP of the two countries changed the most for the last 3 years? Identify the possible causes of the changes. Describe the biggest component of the GDP of the two countries.  What recommendations would you make in order to boost the GDP of the two countries?

Suppose that real GDP was $2265 billion in 2018 and $2285 billion in 2019. Calculate the growth rate for this economy. Provide answer to 2 decimal points.

Calculate the average annual growth rate using the information in the table below. Round to two decimal places.  Year Growth rate  2017         3.2%  2018        2.7%  2019        0.5%  2020        1.8%

Why is real GDP a better measure of economic growth than nominal GDP?

The economy's real GDP was $140 billion in 2019 and $280 billion in 2020. Its population was 15 million in 2019 and 20 million in 2020. What is the growth rate of real GDP per capital from 2019 to 2020?   Your Answer:

MC Questions 1) Of the following, the most often used measure of changing living standards is A) the growth rate of nominal GDP. B) the growth rate of real GDP. C) the growth rate of nominal GDP per capita. D) the growth rate of real GDP per capita.

Suppose that work hours in New Zombie are 200 in year 1 and productivity is $12 per hour worked. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is New Zombie's real GDP? $ b. If work hours increase to 210 in year 2 and productivity rises to $14 per hour, what is New Zombie's rate of economic growth? percent

In 2020, the GDP was approximately $20 trillion.  If GDP is expected to double in 20 years, what is the expected growth rate per year?