he per capita GDP in Western Europe was 1.200 dollars in 1820 and 3.460 dollars in 1913 while in Ottoman Empire 720 and 1.150 dollars at the same years. How can you explain that the per capita GDP in WE is almost the double of the Ottoman per capita GDP in 1820?

Q: C                      I                         G                               NX…

A: Nominal GDP = C + I + G + NX Nominal GDP in the year 1 = 1000 + 156 + 560 +52…

Q: Calculate the growth rate in the number of hours worked per capita, total output, and output per…

A: The growth rate in the number of hours worked per capita refers to the increment in the hours worked…

Q: Country A has a GDP of $300 billion and a population of 10 million, while country B has a GDP of $3…

A: Answer: Introduction: per capita GDP refers to the average income per person during a given year.…

Q: In 2000 GDP per capita was 18.3, capital/output was 3.3, human capital was 4.8. In 2010 GDP per…

A: The relationship between production output and production inputs is represented by a Cobb-Douglas…

Q: If the share of GDP used for capital goods is 0.08, the growth rate of productivity is 0.09, the…

A:

Q: Consider the following data for country A: Population (millions) Real GDP Country ($ billions) 50…

A: The gross domestic product(GDP) of an economy is defined as the market value of all final…

Q: The table shows real GDP per capita (RGDPPC) for the fictitious country of Amerucana for a…

A: The growth rate of RGDPPC from 2011 to 2012 can be calculated as follows.

Q: dollars

A: The catch up growth is also known as theory of convergence . According to this theory , the poor or…

Q: Discuss whether GDP per capita is the most appropriate measure of economic success

A: GDP: The money value or monetary value of all finished commodities produced in the domestic…

Q: Please explain correctly. Economics According to the 2016 Human Development Report (see pp.…

A: GDP or the gross domestic product of an economy is the value of all the final goods and services…

Q: In the last century, Tunisia’s Gross Domestic Product (GDP) has grown rapidly on average 5% per…

A: The Gross Domestic Product (GDP) measures the market value of all the final goods and services…

Q: compare adam smiths view of a nations wealth with that of modern economists who rely on gross…

A: A capitalist economy is a free market economy where the market forces of demand and supply determine…

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: just c and d please thank you. question c needs two graphs (says figures). gdp per capita for all…

A: The GDP growth rate is a measure of how quickly an economy is expanding. It is calculated by…

Q: Consider the following data for country A: Population (millions) Real GDP ($ billions) Country A 11…

A: Gross Domestic Product (GDP), the total market value of the products a nation's economy generated…

Q: What are the top 5 economic indicators you would like to include in the metric of assessing an…

A: Economic indicators help in understanding the economic position in a particular situation. Economic…

Q: The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter…

A: The graph represents a scatter plot of GDP per worker vs. capital per worker across countries in…

Q: Determine the number of years it will take for the standard of living to double in each country.…

A: The Rule of 72 can be described as the simple mathematical formula that is used to calculate the…

Q: 1. According to the Penn World Tables, Real gross domestic product (GDP) per capita (2005 PPP…

A: The compound average growth rate (CAGR) is a measure used to determine the mean annual growth rate…

Q: Canadian real GDP per capita is 50,097 (measured in constant 2017 USD, same for thefollowing…

A: The objective of the question is to calculate the growth rate of GDP per capita in Canada for the…

Q: Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5000. However,…

A: The term "gross domestic product" (GDP) refers to the production of goods and services at a specific…

Q: Botswana’s population grew by 3.5 percent per year, 1970–80, and by 3.4 percent, 1980–93, while…

A: A standard of living is the level of wealth, comfort, material products, and necessities available…

Q: According to the figure showing 2020 GDP for selected countries, how much larger (in percentage…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: 1. The following table contains the GDP per capita of selected countries. GDP per capita in 2020 (US…

A: 1) Macroeconomics is the branch of economics that studies how an economy functions as a whole.…

Q: Are nations with large underground economies likely to be happier or unhappier than one would…

A: Underground Economies are defined as economies that are parallel or shadow economies which include…

Q: If the current real GDP growth rate and population growth rate are maintained, real GDP per person…

A: Rise in the production of goods and services on the sustainable basis is known as economic growth.…

Q: Explain why GDP per capita comparison among nations are not a perfect measure of differences in…

A:

Q: What is the difference between industrially advanced countries (IACs) and less-developed countries…

A: Economic development is the process of creating wealth for the benefit of the community. It's more…

Q: You work for a pharmaceutical multinational enterprise (MNE) that sells flu shots, which re…

A: 4) The data shows that the firm needs a large population or large scale to be viable than…

Q: How can the wealth of the nations measured by the using per capitagross national income (GNI)?

A: Gross National Income (GNI) is the total amount or the addition of all the amount received in the…

Q: “In 2022, India’s GDP was $3,386.4 billion whereas its GNP was $3,370.15 billion”.    The reason for…

A: The objective of the question is to understand the difference between Gross Domestic Product (GDP)…

Q: If a country has a per capita GDP of $5,200 and it grows at a 6% annual rate. How long will it take,…

A: Per capita GDP measured the standard of living of a country.  Per capita GDP is $5200 Annual growth…

Q: Use the table to answer the questions. Define productivity as GDP per worker, and please enter all…

A: GDP refers to the sum total of the market value of the final goods and services produced in a…

Q: Suppose you have to choose two of the following measures to target an aid program toward vulnerable…

A: Rural region areas  A country's rural region is defined as an area outside of the town and city. it…

Q: In his 2020 State of the Nation Address (SONA), president of South Africa humbly noted that. "Even…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Real GDP per capita in the country of Arcadia grew from about $4,666 in 1900 to about $42,069 in…

A: The situation in which the overall flow of products and goods is calculated in the domestic market…

Q: In 1980, Denmark had a GDP of $90 billion (measured in US dollars) and a population of 6.1 million.…

A: Given: Denmark GDP in 1980 = $90 billion Denmark population in 1980 = 6.1 million Denmark GDP in…

Q: Between 1970 and 2005, China’s GDP per capita grew at an average rate of 7.3% per year while GDP…

A: GDP per capita is an economic metric to ascertain the economic output per person. It is an indicator…

Q: Average Average Countr 1820 1870 1920 1970 2010 growth growth (1820- (1920- 2010) 2010) United 1.65…

A: Growth of every country from 1820 to 2010 has been shown in the table below..

Q: The table below lists GDP and GDP growth rates for the countries of Cortania, Microtania, and…

A: GDP is the value of all the goods and services produced in an economy over a period of time within…

Q: The table below shows the level of real GDP and real GDP per capita growth rates for a select set of…

A: Rule 72 formula has been used to estimate the time (in years) required to double the amount given…

Q: “In 2022, India’s GDP was $3,386.4 billion whereas its GNP was $3,370.15 billion”.…

A: The objective of the first part of the question is to understand the difference between Gross…

Q: The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005…

A: Gross Domestic Product or GDP is a statistical measure used to calculate the total money value of…

Q: Year 1960 Argentinal 2018 $5,643 Real GDP per 1960 2018 capita real real (2010 GDP GDP dollars) per…

A: * SOLUTION :-  From the given information the calculation is given as follows