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.

Q: China Jul 2020 54 57

A: PMI stands for purchasing manager's index. Manufacturing PMI is used to measure the performance of…

Q: 24. Explain the impact that growth rates have on countries, both rich and poor, over time. Select…

A: Economic growth means how economy's GDp is Growing annually . It's a quantitative measures to…

Q: In the Solow model with technological progress, suppose that the rate of depreciation is 10% per…

A: The Solow–Swan model may be a semipermanent economic process economic model. It tries to clarify…

Q: Economic growth and Production Function Practice 1) The following values relate to the countries…

A: Answer-

Q: If Japan has 4.5% per capita growth in GDP, how many years will it take for the country to triple…

A: Growth rate formula:  If  X is any economic variable and  Xt is the initial value of x and Xt+n is…

Q: 26.In 2019 Westernia's real GDP is growing at 2 percent a year and its population is growing at 1.5…

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

Q: q7

A: Income is either saved or consumed. If households have decided to save more of their income, it…

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: xponential growth implies that ________. growth rates can only be positive growth rates will…

A: Exponential growth function is: f(x)=A(1+r)n where A is initial amountr is the growth raten is the…

Q: Question 21 Suppose that both the rates of economic growth and of population growth remain constant…

A: An economy is larger than other if the GDP of one country is greater than the other. For India's…

Q: Economists who believe that the recent increase in the average productivity growth rate may be…

A: The super-normal growth in the USA during 1995-2009 was experienced due to factos like high…

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

A: The objective of the question is to calculate the annual growth rate in real GDP between 2021 and…

Q: Singapore​'s real GDP was 412 billion dollars in 2016 and 429 billion dollars in 2017. The…

A: Economic growth rate: The percentage change in a  country's real Gross Domestic Product from one…

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

A: The economic growth model shows how growth in capital stock, growth in the labour force 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: Suppose that our potato economy decided to reduce consumption and increase investment. How would…

A: As per the economy it decides to reduce consumption and increase investment.

Q: In 2019 a country has 7.48% growth in real gdp, and uses two factors of production: capital (K) and…

A: Assume the share of capital in production is 40% and share of labor in production is 60% Production…

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

A: The term gross domestic product refers to the situation under which the overall flow of products and…

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

A: Growth rates refer to the percentage change of a specific variable within a specific time period.…

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

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

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

A: Economic analysis involves assessing how population dynamics, encompassing growth, distribution, and…

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: Suppose that in the year 2020 there are two different countries - Sparta and Rome each with a real…

A: Real gross domestic product (real GDP) is an inflation-adjusted measure of an economy's output of…

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

A: The concept of GDP can be defined as a tool that helps in measuring the total amount of production…

Q: Growth rates of per capita GDP: Compute the average annual growth rate ofper capita GDP in each of…

A: The rate at which the real gross domestic product of an economy changes from one period to another…

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…

A: The average annual growth rate shows the average rise or fall in any concerned value over the given…

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

A: Year  Population     2018 16 2019 16.56 2020 17.14 1. What is population growth between…

Q: The world's human population is currently at 8 billion people, and the population growth rate is at…

A: Population growth rate is the nation, area, or geographical area's yearly average rate of change in…

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…

A: Growth rate of a variable (Gv) conveys the rate at which a variable such as GDP and unemployment is…

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…

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

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: 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…

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: 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…

Q: The economy's real GDP was $160 billion in 2019 and $280 billion in 2020. Its population was 15…

A: Gross domestic product is the country's final goods and services. The economic outcome is measured…

Q: In 2014 per capita Real GDP was $21,782 in Sweet Potato Hollow. In 2015 per capita Real GDP was…

A: 2014 dataPer capita real GDP = $21,7822015 dataPer capita real GDP = $22,030