In the year 2020, Alpha has a real GDP of $80 billion and Omega has a real GDP of $10 billion. If Alpha has a growth rate of 2% and Omega has a growth rate of 4%, in what year will Omega catch up to Alpha? 2092 2018 2024 2108

Q: Calculate the growth rate of real GDP, population, and real per capita GDP from year 2 to year 4.

A: We have data for Real GDP and  Population from year 1 to year 5.

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A: Given : GDP growth rate=2% Population growth rate=1.5%

Q: A mathematical approximation called the Rule of 70 tells us that the number of years it will take…

A: According to the rule 70,  Number of years to double the Real GDP = 70/ Annual growth rate

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Q: A country aims to double real GDP per capita in the next 25 years. If the rate of population growth…

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Q: Consider the data below: Q1 19,924.1 Billions of (2012) dollars 2022 Q2 19,895.3 Q3 20,054.7 Real…

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

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Q: AK.25L.75 population growth = 3% saving rate=5% depreciation = 12% technology= 9   a.…

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

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Q: 1. Over the past 20 years an economy's total output has grown from 1000 to 1300, its capital stock…

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Q: Real GDP per capita in the country of Arcadia grew from about $4,703 in 1900 to about $42,731 in…

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Q: Question 6 The president of the World Bank has asked you to calculate the average per capita GDP…

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Q: Suppose China’s GDP is growing by 7% a year and its population grows by 1% a year. Also suppose that…

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Q: 3. In Avataria, the share of the working age population decreased from 65% in 2000 to 53% in 2022.…

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

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Q: on 8. From the following countries, which had the highest average annual rate of growth of real GDP…

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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: Calculate the average annual growth rate using the information in the table below. Round to two…

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Q: The population of Eturia is shown in the table below. Population (millions) a. Population growth…

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Q: Real GDP per capita in the U.S. In 2021 Is roughly $59 ,000. Suppose that the US. government expects…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: QUESTION Suppose that x is growing at 5 percent a year, y is growing at 10 percent a year, and z is…

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Q: Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of…

A: The rule of 70 is a way to calculate that how much time it will take to double the GDP at certain…

Q: China's economic growth in 2015 is slowest in 25 Years China's growth rate slowed to an annual rate…

A: Answer; Here we will use Rule 70 :   Number of years to double = 70/Annual growth rate%…

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

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Q: 5. The real GDP per capita in Colombia was $3,692 in 2000 and $5,889 in 2020. What is the average…

A: Given  GDP per capita in 2000 Y2000=$3692 GDP per capita in 2020 Y2020=$5889 time = 2020-2000= 20…

Q: 1. Many endogenous growth models feature so called scale effects: per capita growth rises when…

A:

Q: In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in…

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Q: if a nation real gdp is growing by 3.5 percent per year , its real GDP will double in aproxiately…

A: In an economy, when the real GDP is increasing at a specific rate every year, the time ay which it…

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: What is the potential impact of rapid economic growth on: a) A nation's tax base? b) GDP/Capita?…

A: Economic growth implies the upheld development in the production of goods and services inside an…