Consider a country with a nominal gross domestic product (GDP) of $1.0, trillion in 2013 and $1.1 trillion in 2018. In the same period the population decreased by 2% and price levels increased by 4%. What is the economic growth rate for this country? Ⓒ2% Ⓒ4% Ⓒ6% Ⓒ8% 10%

Q: worker will change in which of the following ways? Capital per Worker Output per worker (A)…

A: Investment refers to the process of putting money or resources into an asset or project with the…

Q: 5) Foreign aid has proven to be ineffective in igniting economic growth mainly because: a) It does…

A: Foreign aid refers to financial assistance provided by one country to another for various purposes,…

Q: We consider a developed economy in the years of 2018-2019 and the years of 2020-2021 (the years of…

A: TFP (or total factor productivity) evaluates improvements in output that are not accounted for by…

Q: An emerging country has a real GDP of $1446.7 billion. After one year, real GDP has grown to $1534…

A:

Q: A country aims to double real GDP per capita in the next 25 years. If the rate of population growth…

A: Using the rule of 70 Growth rate to double = 70/years=70/25=2.8% Future value, FV = 2 Present value,…

Q: xponential growth implies that ________. growth rates can only be positive growth rates will…

A: Exponential growth function is: f(x)=A(1+r)n where A is initial amountr is the growth raten is the…

Q: Spain's current real GDP (YO) is €326 billion, and grows at a constant rate of 1.1%. Portugal's…

A: Given, Current real GDP of Spain= 326 billion            GDP growth rate of Spain= 1.1%…

Q: In today's world, abundant natural resources are more likely to hinder a country's growth than to…

A: Assessing the effect of abundant natural resources on a country's economic growth requires…

Q: Answer only correct A country had real GDP per person of 5800 in 2005 and has had average real…

A: GDP refers to the total monetary value of all the final goods and services that a nation produces in…

Q: If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate?…

A: We could solve this with the help of formula

Q: Over the last 60 years or so, Korea has been one of the most successful economies in the world. What…

A: Given: Year GDP Per Capita Population Capital Labour Education 1960 1,224.79 24.749 208,509.8…

Q: Singapore​'s real GDP was 412 billion dollars in 2016 and 429 billion dollars in 2017. The…

A: Economic growth rate: The percentage change in a  country's real Gross Domestic Product from one…

Q: a)  −11.27%   b)  −5.91%     c)  2.26%   d)  −15.15%                   Refer to the table,…

A: The gross domestic product represents an economy's total output of the goods and services it…

Q: n the year 2015, the real GDP per capita of Italy is $215 billion. In the year 2016, the number is…

A: Real GDP is production of goods and services during an accounting year. it makes adjustments in…

Q: Nominal GDP of country B grows from $30 billion to $33 billion between 2020 and 2021. Between 2020…

A: A government's nominal GDP is determined using price levels and is not indexed to inflation. Compare…

Q: suppose for a country the nominal GDP growth rate is 6 percent,CPI increassed from 100 to 104,and…

A: Nominal GDP is the GDP that includes the effect of inflation.  Real GDP is the GDP free of…

Q: in a given year, suppose the real GDP per capita growth rate is 3.8 percent, the inflation rate is 2…

A: Given:Real GDP per capita growth rate = 3.8 percent Inflation rate = 2 percentPopulation growth rate…

Q: South Africa's real GDP was 3,120 billion rand in 2017 and 3,145 billion rand in 2018. South…

A: The real economic growth rate, also known as the real GDP growth rate, is a measure of economic…

Q: a. Country A starts at $30,000 at year t=0, and grows at a constant rate of 2%; country B starts at…

A: Given information Country A Income at 0 year=$30000 Growth rate=2% Country B Income at 0 year=$1000…

Q: Malaysia’s real GDP was $560 billion in 2010 and $570 billion in 2011. Malaysia’s population was…

A: i. Economic growth rate = {(GDP at present value -GDP at initial value)/ GDP at initial value}* 100…

Q: In year 2012, the size of an economy is equal to $15 trillion; in 2013, it increases to $16.5…

A: Given that: GDP2012 = $15 tnGDP2013 = $16.5 tn Let us calculate the growth rate: g = GDP2013 -…

Q: Suppose the GDP growth resulting from physical capital in an economy is 1%, and the growth resulting…

A: Answer to the question is as follows :

Q: Between the start of 2012 and the start of 2013, a country’s economic growth rate was 4 percent. Its…

A: The GDP is an indicator of a nation's economic production during a given time frame, often one year.…

Q: In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in…

A: GDP is the indicator utilized across the globe to demonstrate the wellbeing of a country's economy:…

Q: Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950…

A: The pace of an economy's long-term growth or contraction is referred to by this idea. The change in…

Q: Assume GDP of a (tiny) country at time zero is equal to $105.00105.00. Calculate GDP 11 years11…

A:

Q: If an economy's GDP will double in 15 years, then its growth rate must be about:    7%…

A: Rule of 70 is a very helpful way to estimate the time required for an investment to double given the…