if a nation real gdp is growing by 3.5 percent per year , its real GDP will double in aproxiately  1. 41.1 years 2, 20.6 years 3, 10.3 years 4, 72 years

Q: Dictionopolis has a real GDP per capita of $5,000, which is growing at 10 percent per year. Sitara…

A: Real GDP (Gross Domestic Product) per capita is a measure used to evaluate a country's economic…

Q: If US per capita GDP is $50,000 and grows at 3% per year, what will US per capita GDP be in 70…

A: Given: US per capita GDP=Present value=PV=$50,000Growth rate=i=3%n=70 years

Q: Real GDP per capita increases by 9% in the first year and by 5% in the second. After 2 years, what…

A: We assume that the real GDP per capita in Year 0 is $100 After one year in Year 1 our GDP increases…

Q: Sco's real GDP was 14,461 billion pesos in 2016 and 14,702 billion pesos in 2017 ico's population…

A: Solution: The values provided in the question are; Mexico's real GDP in 2016 is 14,461 billion.…

Q: Approximately how long will it take Ethiopia to double its real GDF per person of S100 if its growth…

A: Since you have posted multiple independent questions, according to the guidelines, only the first…

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: 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: Marvin Duroster бор per person 1. A country had real GDP of 5800 in 2005 and has had average real…

A: The real GDP per person is 5800 in 2005. The average real GDP growth is 8.490% per year for next 15…

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: 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 table, which country will have the higher rGDP per capita in 17.5 years?…

A: The growth rate of GDP per capita and GDP per capita is shown as follows:

Q: According to the table, which country will have the highest real GDP per capita in 23.67 years? Real…

A: Real GDP per capita is the measure of the total economic output of a country per person, adjusted…

Q: Calculate approximately how many years it will take per capita GDP in the United​ States, Mexico,​…

A: So as to calculate the years to double using the rule 70: years to double = 70growth rate

Q: Small differences in the rate of economic growth can lead to large differences in living standards.…

A: The growth rate of an economy is the rate of growth in real GDP of a nation. The growth rate…

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: 3. Write down and discuss the three stylized facts about economic growth in the cross-sectional…

A: Economic growth means more production of goods and services that increases the productivity in an…

Q: A country had real GDP per peria of 5800 in 2005 and has had average real GDP growth of 8.4 %per…

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

Q: If country A’s and country B’s GDP per capita are $10,000 and $5,000 this year, respectively.…

A: Ans. ) Given in the question, there are two countries, A and B. Also, it is given that country A's…

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: A country starts with real GDP per capita of 500, and is growing at 4.3% per year. After 70 years,…

A: Given  Real Gdp per capita = 500  Growth rate = 4.3% = 4.3/100 = 0.043 After 70 years the real GDP…

Q: 1. A country had real GDP per person average of 5800 in 2005 and has had real GDP growth of 8,4% per…

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

Q: Suppose that real GDP per capita in the United States is $53,500. If the long-term growth rate of…

A: Real GDP per capita is the value of final goods and services produced in the economy adjusted for…

Q: If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it…

A: GDP refers to the value of all final goods and services produced in an economy over a given period…

Q: Suppose Egypt has a real GDP per capita of $28,000. If real GDP per capita grows at a 3.5% annual…

A: To calculate number of years it will take real GDP per capita to increase to $7000, we use compound…

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: 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…

Q: If the annual GDP growth rate on average in a country is 5%, the current GDP is $10 trillion, how…

A: The number of years required to double the growth rate would be found by the rule of 70.  By this…