then the Annual Real GDP Per Capita will go down if we assume no change in the real GDP

From 2009 to 2019, Country X recorded an annual economic growth rate of 5% and an annual labour growth rate of 3%. During this period, the Gini-coefficient changed from 0.252 to 0.388 and the GDP deflator changed from 105 to 110.Regarding the above period, what can you say about the changes in the overall economic performance, including labour productivity, income distribution and price level from the above data? Briefly explain your answer.

A typical U.S. worker today works fewer than 40 hours per week, while in 1890, he or she worked 60 hours per week. Does this difference in the length of work weeks matter in comparing the economic well-being of U.S. workers today with that of 1890? Or can we use the difference between real GDP per capita today and in 1890 to measure differ- ences in economic well-being while ignoring differences in the number of hours worked per week? Briefly explain.

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 this 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 Real Income per Person in 1960 Real Income per Person in 2010 Annual Growth Rate (Dollars) (Dollars) (Percent) Canada 12,946 35,810 2.06 United Kingdom 11,884 32,034 2.00 Korea 1,610 28,702 5.93 Hong Kong 4,518 44,070 4.66 Guatemala 1,985 3,859 1.34 Niger 945 570 -1.01   Indicate which economy…

Suppose a country has a real GDP per capita of $68,000 and grows at a constant rate for the next 36 years.  How much larger (in percentage terms) is this country if its growth rate is 4.33% instead of 3.13% after 36 years of growth? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.

Country D and Country E both recorded an increase in real GDP of 4 percent per year from 1997 to 2012. During this time, the population for Country D grew at 3 percent per year and the population for Country E grew at 2 percent. Which of the following is true during this period? Multiple Choice Per capita GDP decreased for Country E only. Per capita GDP increased for both Country D and Country E. Per capita GDP decreased for both Country D and Country E. Per capita GDP increased for Country D only.

Why was Land Use Reform a successful policy in several Asian countries in promoting economic growth? By making public land available for farming, peasant farmers could rotate crops more easily. By making all farmland publicly owned, farmers could collectively work to maximize their yields. O By reallocating farmland for use in manufacturing, industrialization was incentivized. O By taking farmland away from landlords and giving it to peasant farmers, those farmers had an incentive to improve their yields.

The table below shows data over several years for a country's real GDP, the number of full-time employed workers (E), and the annual average number of hours worked per worker (H). a. & b. For each of the four years, compute real GDP per worker-a standard measure of labour productivity and a slightly more complex measure of labour productivity-real GDP per hour worked. (Round your answers to the nearest cent.) Year 1 5 10 15 Real GDP $525 billion $574 billion $655 billion $767 billion Full-time Employed Workers (E) 12.7 million 13.5 million 14.5 million 15.2 million Number of Hours Worked per Worker (H) 2011 1961 1937 1905 GDP E GDP EXH

Suppose the initial real per capita GDP for countries A and B is 7 thousand dollars. If the annual growth rates of countries A and B are respectively 2.6% and 4.6% , what is the the ratio GDP of country B over GDP of country A after 67 years? Round your answer to the nearest first decimal

Which of the following will likely lead to an increase in real GDP in the U.S.   Group of answer choices   The U.S. begins a new war in the middle east   A massive hurricane destroys homes and infrastructure in the Eastern US   The growing student debt burden forces American households to begin working twice as many hours each week   all of the above   Many people believe that GDP is not a good indicator of economics success or standard of living because   Group of answer choices   GDP doesn't tell us anything about the distribution of income   GDP doesn't include leisure time as a good   GDP does not account for "bads" like pollution   all of the above