The real GDP per person in a country A  has grown about 4 percent per year. When this country' GDP will be double?

Q: How poor countries can sustain high growth and development?

A: The poor countries can sustain high growth and development by increasing the infrastructure,…

Q: What are the problems of the economic growth and consumption?

A: Consumption is characterized as the utilization of labor and products by a family. It is a part of…

Q: Which country has the higher GDP per capita measured in purchasing power, India or Mexico? a.…

A: PPP is the purchasing power parity that measures the purchasing power of one currency in terms of…

Q: Some data at first might seem puzzling: The share of GDP devoted to investment was similar for…

A: The gross domestic product refers to the total amount of all the final goods and services produced…

Q: In what way, may a population become a hindrance for development? Expal

A: For the following reasons, population can be a limiting factor in economic development:

Q: How is economic growth measured?

A: A. Economic growth is the term used to describe the production of goods and services. Economic…

Q: What is the Growth of Real GDP per capita if population growth is 0.5%?

A: Real GDP Per Capita is the resulting value arrived at by dividing the entire economic output (GDP)…

Q: What do you think is the importance of innovation in the economic development of a country?

A: The nations around the world tend to operate with the motive of increasing their economic, and…

Q: bove table. Between years 1 and 2, real GDP grew by B) 4 percent. D) 10 percent. bove table. Between…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Suppose that 25 yean ago a country had nominai GDP of 1000, a GDP deflator of 200, an opulation of…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: Consider the following data for country A: Population (millions) Real GDP ($ billions) Country A 11…

A: Gross Domestic Product (GDP), the total market value of the products a nation's economy generated…

Q: Where are the high-income economies, and howwealthy are they?

A: High-income economies are those economies whose gross domestic product is high. This implies…

Q: Use the table to answer the questions. Round your answers to the nearest cent. Country Gross…

A: GDP per capita can be calculated as:

Q: t

A: A policy is a deliberate system of principles for guidance of decisions and achievement of rational…

Q: 2 reasons why government should emphasize economic growth as a part of it's mandate?

A: Economic growth can be defined as the rise in the aggregate production of the economy which shows…

Q: Why is the economy a significant driver of development? How does this happen?

A: The economy consists of the combination of all the activities that take place in a country, for…

Q: How expenditure affects the economic growth and development?

A: In economics, expenditure refers to the income spent on purchase of various goods and services. It…

Q: Is population’s growth a good thing or bad thing and why?

A: Population Growth refers to increase in the count of people living on the Earth.

Q: How docs the rate of population growth influence thelevel of GOP per Jl<'rson?

A: The "population growth rate" is the pace at which a population's number of individuals grows over…

Q: A country starts with real GDP per capita of 500, and is growing at 4.3% per year. After 70 years,…

A: Given  Real Gdp per capita = 500  Growth rate = 4.3% = 4.3/100 = 0.043 After 70 years the real GDP…

Q: What are the 10 economic growth indicators ?

A: Economic growth refers to the situation where there is an increase in the amount of goods and…

Q: Suppose Egypt has a real GDP per capita of $28,000. If real GDP per capita grows at a 3.5% annual…

A: To calculate number of years it will take real GDP per capita to increase to $7000, we use compound…

Q: What is aid in economy? Does aid promote economic development? How does aid help in economy?

A: Professional advice and training, as well as commodities and financial resources, may be required as…

Q: if a nation real gdp is growing by 3.5 percent per year , its real GDP will double in aproxiately…

A: In an economy, when the real GDP is increasing at a specific rate every year, the time ay which it…

Q: Does Family 500 Plus and Mieszkanie Plus Program significantly increase country's GDP?

A: Family money is intensely subject to the period of a family's turn of events. As the family…

Q: 5. Suppese that in 1960 Jpan had an initial per capite GDP of $12,000 per year and China had a per…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: Suppose a country’s total output is growing 10 percent per year, but its population is growing 11…

A: The standard of living can be measured by taking GDP per capita into the account.  GDP per capita =…

Q: 34. PP’ shifts rightwards to P,P,. It shows: Good Y (a) Improvement in technology in good X P1 A' A…

A: # In the above diagram, we can see a PPF PP which shows the production combination of two goods X…

Q: 2. a. List the Kaldor Growth Facts.

A: Since the question you have posted consists of multiple parts, we will answer the first question for…

Q: Economic growth comes from?

A: Economic growth occurs when the production of goods and services in the economy rises. It can be…

Q: If income per capita is growing at a constant rate 3%, how long will it take to double?

A: Number of years = 72 / Growth rate

Q: The rule of 70 is used to find how long it will take an economy to grow by 70 percent. O True False

A: The measure that depicts the value of final goods and services being produced in an economy within a…

Q: What are three public policies that can facilitate growth in economy

A: Economic growth refers to the quantitative changes i the economy in terms of money supply, spending…

Q: If GDP is currently $300 and the growth rate is 5 percent, how many years will it take for GDP to…

A:

Q: a. Calculate nominal and real GDP per capita for 2009 and 2014. For 2009: Nominal GDP per capita =…

A: Formulas: 1. Nominal GDP per capita = Nominal GDP / Population  2. Real GDP per capita = Real GDP /…

Q: How does the rate of population growth influencethe level of GDP per person?

A: GDP Per Capita = National IncomeTotal Population GDP per person or GDP per capita is used to measure…

Q: t lea

A: The factors being included in the standard for living are : employment opportunities,income, cost of…

Q: Suppose a country's real GDP is $14 trillion and the population is 200 million. Instructions: Enter…

A: Country's real gross domestic product (GDP) is a metric that breaks down a country's economic output…

Q: How cam future business professionals can contribute to the real economic development of a country?

A: Future business professionals are those individuals that are considered highly skilled labor and…

Q: In which economy is GDP per capita higher in steady state? Economy A Economy B O Not enough…

A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…

Q: How much should you earn to make a living in different countries?

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: What is the growth rate in Country A in 2020? Select one: a. % 10 b. % 5 C. % 25

A: Growth rates refer to the percentage change of a specific variable within a specific time period.…