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Using log, the annual growth rate of real gdp (RGDP) per capita is given by,
Hence the growth rate was 2.6% approx.
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- The real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?There are two countries in the world: Happytimes and Treehausland. Both countries currently have a GDP per capita of 1. Use the information in the table about growth and productivity to answer the questions. Round all numerical answers to two decimal places. Country Growth rate of GDP per capita Happytimes 0.086 Treehausland 0.031 What is GDP per capita in Happytimes in 21 years21 years ? Happytimes's GDP: $ What is GDP per capita in Treehausland in 21 years21 years ? Treehausland's GDP: $ In 21 years21 years , Happytimes grows how many times more than Treehausland? Happytimes's growth: times Treehausland's growthWhat is the current real GDP per person in South Africa? How has this changed over the past 10 years?
- 1. Japan’s real GDP was 525 trillion yen in 2009 and 535 trillion yen in 2010. Japan’s population was 127.6 million in 2009 and 127.5 million in 2010. Calculate a. The economic growth rate. b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GDP per person in Japan to double if the real GDP economic growth rate returns to 3 percent a year and the population growth rate is maintained.ASAPa.Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. b. Please explain 5 factors that might contribute to rising U.S. GDP growth rates. c. Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase.
- Figure: Economic Growth in Major World Regions GDP per capita, real U.S. dollars (1990) $30,000 20,000 10,000 0 United States Western Europe Latin America Former USSR China India Africa 1 1000 1500 1870 1900 1950 2000 Years (AD) 48. Refer to the figure above, which shows real GDP per capita over time in different regions of the world. The chart shows that all regions of the world: A. were poor at one time. B. have been relatively rich throughout most of human history. C. have experienced moderate growth throughout most of human history. D. remain poor today.The table provides some data on real GDP and the population of Iberia in 2019 and 2020 If the growth rates of 2020 are maintained in future years, when will real GDP per person in Iberia double? If the growth rates of 2020 are maintained in future years, real GDP per person in t Iberia will A. double by 2055 B. double after 70 years C. double by 2090 D. never double unless the population stops growing Year 2019 2020 Real GDP (billions of pesos) 180,000 185,436 Population (billions) 300 303Give typing answer with explanation and conclusion What are the top 10 countries by GDP/capita and what are their actual GDP/person numbers in USD$?
- Why do you think most western countries GDP has not grown as fast as China's GDP over the last 10 years? If you were in charge of trying to make a country like Spain's economy grow faster what would you do?1960 South Korea Mexico 2012 South Korea Mexico Population, total (in millions) 25 38.7 50 120.8 e GDP (in billions of constant 2005 US$) 27.7 127.6 1165.3 1031.1 Source: World Development Indicators. Calculate per capita GDP for each country and year. Don't use commas or dollar signs, and round to the nearest dollar. • South Korea, 1960: 1108 • Mexico, 1960: type your answer... • South Korea: 2012: 23306 • Mexico, 2012: type your answer... • Did the standard of living rise in both countries? (type either yes or no): type your answer... • Which country saw the greater increase in living standards? type your answer... According to the PPF model, why might this country have had a greater increase in living standards? (Type the letter that corresponds to the best answer.) a. This country created more capital. b. This country's population increased more. c. This country adopted more advanced tecnhology. d. All of the above are consistent with the PPF model and the data. e. (a) and (c) only…No Plagiarism Please! How do improvements in technology and human capital influence productivity, economic growth, and standard of living within an economy?
