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per capita? a) GDP per capita and growth in GDP per capita rise b) GDP per capita and growth in GDP per capita fall c) GDP per capita rises and growth in GDP per capita falls d) GDP per capita falls and growth in GDP per capita rises 25) Consider the following data for Japan:

per capita? a) GDP per capita and growth in GDP per capita rise b) GDP per capita and growth in GDP per capita fall c) GDP per capita rises and growth in GDP per capita falls d) GDP per capita falls and growth in GDP per capita rises 25) Consider the following data for Japan:

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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24) From 1346 – 1353, the black plague ravaged Europe. It is the most deadly pandemic in history, causing the death of 75 – 200 million people (approximately 30% of the global population at the time). What implication should this have on the level and growth of GDP per capita? a) GDP per capita and growth in GDP per capita rise b) GDP per capita and growth in GDP per capita fall c) GDP per capita rises and growth in GDP per capita falls d) GDP per capita falls and growth in GDP per capita rises 25) Consider the following data for Japan: Variable Average Annual TFP Growth Average Annual Population Growth Average Annual Growth in Employment Value 0.58% -0.15% 0.65% Labor's share of income in Japan is 56%. Assuming that Japan is in its steady state, annual growth in GDP per capita for Japan should be a) 1.84% b) 1.23% c) 1.38% d) 0.83%
Transcribed Image Text:24) From 1346 – 1353, the black plague ravaged Europe. It is the most deadly pandemic in history, causing the death of 75 – 200 million people (approximately 30% of the global population at the time). What implication should this have on the level and growth of GDP per capita? a) GDP per capita and growth in GDP per capita rise b) GDP per capita and growth in GDP per capita fall c) GDP per capita rises and growth in GDP per capita falls d) GDP per capita falls and growth in GDP per capita rises 25) Consider the following data for Japan: Variable Average Annual TFP Growth Average Annual Population Growth Average Annual Growth in Employment Value 0.58% -0.15% 0.65% Labor's share of income in Japan is 56%. Assuming that Japan is in its steady state, annual growth in GDP per capita for Japan should be a) 1.84% b) 1.23% c) 1.38% d) 0.83%
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