Turkish growth performance in 1980’s Explain why in the period of 2014-2018 the TFP contribution to GDP growth diminished to 0.8 percentage points the lowest scored observed in Turkish economic history while Log K is at 7.2%, a very high growth score
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Turkish growth performance in 1980’s
Explain why in the period of 2014-2018 the TFP contribution to GDP growth diminished to 0.8 percentage points the lowest scored observed in Turkish economic history while Log K is at 7.2%, a very high growth score?
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- Explain why in the period of 2014-2018 the TFP contribution to GDP growth diminished to 0.8 percentage points the lowest scored observed in Turkish economic history while Log K is at 7.2%, a very high growth score?If real GDP per capita doubles between 2005 and 2020, what is the average growth rate of real GDP per capita? a)4.7% b)21% c)15% d)10.5%Of the following countries, which one had the highest average growth rate per year from 1993-2012? A) China B) the United States C) India D) Japan
- If country A has currently GDP per capita of $65,000 and economic growth rate of 2%, and Country B has GDP per capita of $12,000 with economic grow rate of 6%. Roughly in how many years country B can catch up with country A in GDP per capita? a) 26 years b) 13 years c) 44 years d) 88 yearQuestion 1 Over a 20 year period, a country's per capita GNP grows by 80%. Its average annual growth rate is closest to 1% 9% 3% 4%Starting from year 2023 and assuming that both the annual growth rates of RGDP and population will remain at the levels in the table below, choose the correct statement: Average RGDP growth Average population Country 2010-2019 (%) growth 2010-2019 (%) China 7.68 0.56 India 6.62 1.23 Vietnam 6.58 1.02 Singapore 4.99 1.34 Data Source: World Bank O India will double its real GDP per person in 2036. Vietnam will double its real GDP per person in 2036. O Singapore will double its real GDP per person in 2043, while China 10 years earlier. O All the above
- Only answer the 2nd MCQ question of the growth rate of output per capitaAssume that the per-worker production function is yt = 2kt^(0.3). The saving, depreciation and population growth rates are estimated at 0.3, 0.05 and 0.02, respectively. (a) Calculate the capital-labour ratio steady state for this economy. (b) Calculate consumption per worker at the steady state.Turkish growth performance Compare the period of 1981-1989 with the period of 1990-2002 according the growth performance realized in each of these periods: Explain the differences observed regarding Log K, Log L and Log A (TFP) and finally Log Y as a result; you have to consider the economic particularities of each period. Log K Log L Log A Log Y 1981-1989 3.8% 1.1% 2.7% 4.7% 1990-2002 4.9% 1.2% 1.0% 4.9%
- If an economy annual real GDP growth rate reduces from 8.2 percentage, its real GDP doubling time will.......... A) reduce by 3.53 year B) increase by 8.4 year C) reduce by 9.3 year D) increase by 18.5 yearWhich of the following is most likely to contribute to economic growth as measured by GDP per capita? Question options: a) increased capital formation b) rapid population growth c) the imposition of tariffs and quotas on imported goods d) an increase in marginal tax ratesIn 1960, per-capita GDP in Japan was 1/3 of that in the UK. By 1990, Japan and the UK had equal GDP per capita. From 1960 to 1990, the UK per-capita GDP grew at an average rate of 2.2% per year. Calculate the average annual growth rate of per- capita GDP in Japan over the same time period.