Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Chapter 3, Problem 1E
(a)
To determine
Determine the per capital income if the annual growth rate is 1%.
(b)
To determine
Determine the per capital income if the annual growth rate is 2%.
(c)
To determine
Determine the per capital income if the annual growth rate is 4%.
(d)
To determine
Determine the per capital income if the annual growth rate is 4%.
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The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real GDP in 5 years time if (1) growth is 3% per year, and (2) growth is 2% per year.
No written by hand solution
If Gross Revenue for 2018 is $62,400 and growth is 3.6% what is Gross Revenue for 2019?
The combined GDP of all developing countries constitute approximately;
(A) 5% of global GDP.
(B) 20% of global GDP.
(C) 30% of global GDP.
(D) 45% of global GDP.
Chapter 3 Solutions
Macroeconomics (Fourth Edition)
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