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%)

Q: Assess one (1) problem associated with using gross domestic product as an indicator of  economic…

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

Q: Let's assume that in a South American country, the nominal GDP went down by 1%, while, the price…

A: GDP is the value of final goods and services produced in the economy in an economic year.

Q: If the growth rate of real GDP rises from 3% to 4% per year, then the number of years required…

A: Rule of 72 is used to calculate the no. of years it will take to double.  Rule of 72 can be…

Q: On Jaruary 1. 2019, Real GDP was $S00 in a country. One year later on January 1, 2020, Real GDP was…

A: Real GDP growth rate =GDP of the year - GDP of last yearGDP of last year*100

Q: Last year real GDP in the Slothland was 345 billion and the population was 6.0 million. The year…

A: Real GDP is the GDP calculated on the base year prices. It is adjusted for inflation.The value of…

Q: if people in it in poverished nation are faced with life and death survival decisions what is the…

A: Economic growth: It refers to the development of the economy. The economic growth shows that the…

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: What is the impact of productivity growth on a nation's inflation rate or level

A: Inflation rate: It means a general rise in the price level in an economy over a period of time.

Q: a your opinion, how do theories of economic development guides one country in etermining economic…

A: The economic growth refers to sustained rise in the production of goods and services.

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: "Economic growth is always beneficial". To what extent do you agree with this extent.(Explain in…

A: Economic growth leads to higher output and higher incomes. Government finances are improved with…

Q: In class, we learned that saving and investment in physical capital increase the capital per worker…

A: As per the guidelines we are allowed to answer the first question only. Please post the remaining…

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

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

Q: Of the following countries, which one had the highest average growth rate per year from 1993-2012?…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: To measure the change in the standard of living, it is best to use the growth rate of real GDP per…

A: The growth rate is used to measure the change in the value from one period to another.

Q: Table: Growth Rates and Real GDP per Capita Country A Country B $5,000 $10,000 6% Real GDP per…

A: Gross Domestic Product (GDP) is a monetary measure of the market value of all final goods and…

Q: If real GDP per capita doubles between 2005 and 2020, what is the average growth rate of real GDP…

A: The idea of figuring out a variable's percentage increase over time is known as the growth rate. The…

Q: If country A has currently GDP per capita of $65,000 and economic growth rate of 2%, and Country B…

A:

Q: A nation can achieve higher economic growth if: Group of answer choices it devotes more resources to…

A: Economic growth refers to the increase in goods and services produced in a country as compared to…

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: You know that it takes approximately 20 years for nominal GDP per capita to increase by 40% in…

A: The annual growth rate is a measure of how much a quantity (such as GDP, population, revenue, etc.)…

Q: the population of a city grows by 3% each year. What is the growth factor?

A: In economics, the term "growth factor" refers to a measure that quantifies the rate at which a…

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: Calculate gross and net economic growth rate between $10 trillion to $15 trillion economies with 4%…

A: Value of economies increases from $10 trillion to $15 trillion Gross economic growth = [($15…

Q: How does a  nation energy consumption an indicator of an economic growth?

A: Economic growth is defined as an increase in the level of goods and services produced in an economy…

Q: conomic growth is measured by the annual percentage increase in a nation's level of : Select one :…

A: The rise in the per capita income of the country is known as the economic growth. The aim of every…

Q: In a country, if the growth rate of RGDP per person is 5%, how long it will take to double its RGDP…

A: The value of economic output can be measures by RGDP and which is adjusted for inflation or…

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: 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: In a given year the nominal GDP growth rate is 10%, with inflation and population growth rates of 5%…

A: Given, Nominal GDP growth = 10% Inflation growth rate = 5% Population growth rate = 2%

Q: If real GDP for 2009 is $6400 billion (in 2012 dollars) and nominal GDP for 2010 is $6/20 billion,…

A:

Q: The economy's real GDP was $140 billion in 2019 and $280 billion in 2020. Its population was 15…

A: Given information: Real GDP in 2019: $140 billion Real GDP in 2020: $280 billion Population in…

Q: An increase in the standard of living of citizens of a country can be best measured by the growth…

A: Per capita nominal GDP:-                            Nominal GDP per capita=Nominal GDPPopulation…

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: The production function for the economy is Y = 5K05L05. The population growth rate is 5%, the…

A: GIVEN     Y = 5K^0.5, L^0.5 depreciation rate, δ= 0.15 savings Rate, S=0.25. y=Y / L  = 5(K /L)^0.5…

Q: In 2020, the GDP was approximately $20 trillion.  If GDP is expected to double in 20 years, what is…

A: Given  GDP in year 2020 = $20 trillion  It is expected to double in the next 20 years  It means that…

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: In a country real GDP per capita 10 years ago was 24891, and now it is 38152. Calculate the average…

A: here we calculate the average yearly growth rate by using the given information so the calculation…

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…