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- At an annual growth rate of 3.5% it will take approximately years for a country's GDP to double. Over the next 60 years, how many times will GDP double, assuming the growth rate does not change? If GDP starts at a value of $10 million, then in 60 years the value of GDP will be $ million. In 60 years the value of GDP will be times larger than it is today. ASUSIf the growth rate of real GDP rises from 3% to 4% per year, then the number of years required todouble real GDP will decrease from (please explain how to do this)A country aims to double real GDP per capita in the next 25 years. If the rate of population growth in the country is 3.39% per year then at approximately what rate does real GDP need to grow to achieve this goal? Enter a number rounded to two decimal places. Do not enter a percent sign. Previous Next ASUS
- If real income per person was $47,210 in the U.S. in 2010, and $55,860 in 2014, what was the annual growth rate over this time period?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 yearAt an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over the next 70 years, how many times will GDP double, assuming the growth rate does not change?
- Real GDP per capita in the country of Arcadia grew from about $4.545 in 1900 to about $40.064 in 2008, which represents an annual growth rate of 2.04 percent IH Arcadia continues to grow at this rate, calculate the number of years when its real GDP per capita will double years. (Enter your response as an integer)In 2017, the population in the US was estimated at 325.1 million. The population in 2018 was estimated to be 326.8 million. Assuming that the population growth is compounding annually at a constant growth rate, calculate the growth rate from year 1 to year 2. Source: United States Census Bureau 0.45 % 5.2 % 4.5 % 0.52%You are asked to perform a growth accounting analysis for Ethiopia to inform policy makers. Output growth in Ethiopia was 5% per year during the period 2012- 2022. Employment growth was 3% per year and capital was growing by 10% in the same period. Suppose that the capital share in income is 0.3 and that there are constant returns to scale. c) What was the annual growth rate of output per worker? Of capital per worker? d) What was the growth in total factor productivity (technical progress)?
- if real GDP grows at an annual rate of 3.4% and the population grows at an annual rate of 1.6% then at approximately what rate is the real GDP per capital growing?At an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over the next 70 years, how many times will GDP double, assuming the growth rate does not change? If GDP starts at a value of $10 million, then in 70 years the value of GDP will be $ million. In 70 years the value of GDP will be times larger than it is today.If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate? (Round to the nearest whole number, i.e. 10%)
