Answered: Answer only correct A country had real…

Answer only correct A country had real GDP per person of 5800 in 2005 and has had average real GDP growth of 8.4% per year, over the next 15 years. What is real GDP at the end of that period?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...

See similar textbooks

Similar questions

An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it grows at an annual rate of 2 for 20 years? 2 for 40 years? 4 for 40 years? 6 for 40 years?
Marvin Duroster 1. A country had real GDP per person of 5800 in 2005 and has had average. real GDP growth of 8,4% per year, over the next 15 years. What is real GDP at the end of that period?
I need help with this question please
5
ASAP
The table below shows the real GDP and population for the years 2000 and 2010 of a small island nation. Year Real GDP Population 發 2000 10,000 800 2010 22,000 950 Where applicable, round your answers to two decimal places. (a) Calculate the annual growth rate of real GDP over the 10 years (from 2000 to 2010). (b) Calculate the annual growth rate of real GDP per capita over the 10 years (from 2000 to 2010).
of Today (time 0) the nation of ZYX has a GDP of $1000. If ZYX economy grows at 3% per year, what will be its GDP in 10 years? a. $1343.92 b. $1072.93 c. $1456.84 d. $1300
Between 2000 and 2017, real GDP per person grew, on average, 1% per year in the United States. Did this GDP growth benefit all Americans? What does this tell us about the limitations of GDP as a measure of living standards?
What is the current real GDP per person in South Africa? How has this changed over the past 10 years?
2 (2) WhatsApp Answered: Suppose there b Search results for 'betweer x between the years 2000 an x translate inggris - Penelusu x + O X A web.whatsapp.com Update H economics A st. Go to the wn the list of rith the fastest the forecast rates between the Nations. Fill in the column for the real GDP for each years 2000 and 2016 for India from the United year. Nominal per contents at Year cap GDP GDP Deflator Real GDP here are articles aragraph or two conditions in one 2000 430.7277284 57.36678064 2001 437.0571735 56.29168237 2002 449.2611259 56.71696401 growing or not 2003 517.4687782 61.28959225 2004 616.0236666 68.47409723 2005 709.7680483 73.34417561 e of the European outliers, the red lower growth tern Europe. Go > look at real GDP 4) in the data? Can the news why 2006 790.9944417 75.97529403 2007 991.3467178 88.04073962 2008 1048.161005 90.92663843 2009 1068.62321 86.677581 2010 1340.910324 100 2011 1500.853109 106.3463115 ing hember states? 5:50 PM tates in Eastern 2012 1473.301818…
Based on World Bank data, Philippines real per capita GDP in 2019 was US$3,850. It needs to increasethis to at least US$15,000 to attain a high income country status. By how much should real per capitagrown annually if it want to achieve this status in year a) 2028; b) 2037; c) 2055?
In 2018, the country of Questville had a GDP of $39000.00 and the country of Mistania had a GDP of $19500.00, which is half, or 50% of Questville's GDP. If Questville grows at the slow rate of 1% for 5 years while Mistania grows at the fast rate of 6% for 5 years, what will Mistania's GDP be as a percentage of Questville's GDP in 5 years from now? Include the % sign in your answer. Does this example illustrate the concept of convergence? OYes SONO