The table provides some data for an economy in 2018 and 2019. Calculate labor productivity in 2018 and 2019. What is the growth rate of labor productivity in 2019? >>> Answer to 2 decimal places. Item Aggregate hours (billions) Real GDP (billions of 2012 dollars) 2018 2019 120.0 122.9 3,000 3,180

Table 11.Growth (in Trillions) Real Year GDP 2015 16.30 2014 16.29 2013 15.92 2012 15.43 2011 15.19 2010 14.94 2009 14.54 Refer to Table 11.Growth. Economic growth rate for 2013 is about О 2.32% O 1.67% O 1.58% О 3.18%

Real GDP in 2015 was SAR 12,247 billion. It was SAR13,206 billion in 2018. The population of Saudi Arabia increased from 22.9 million to 25.4 million over this time. a. Determine the actual GDP per person for 2015 and 2018. How much did output per individual increase throughout this time, on average? b. What would real GDP have been in 2018 if real GDP had increased by 3% year from -2015 to 2018?

The table shows data for changes in nominal GDP, the price level, and population in 2013. Use these data to calculate the approximate economic growth rate, or the annual growth rate, of real GDP per capita. Specify your answer to one decimal place. %A in nominal GDP growth rate: 5.0 %A price level 1.1 %A population 1.5 %

1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during his period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The real income-per-person figures are denominated in U.S. dollars with a base year of 2005. The following exercises will help you to understand the different growth experiences of these economies. Economy Canada United Kingdom Korea Hong Kong Guatemala Niger Real Income per Person in 1960 Real Income per Person in 2010 (Dollars) (Dollars) 35,810 12,946 11,884 32,034 1,610 28,702 4,518 44,070 1,985 3,859 945 570 Annual Growth Rate (Percent) 2.06 2.00 5.93 4.66 1.34 -1.01

Assuming UAE’s 2021 economic growth is projected to be 3.5%. How long will it take to double the size of that economy? Show your calculations.