Question 1 Over a 20 year period, a country's per capita GNP grows by 80%. Its average annual growth rate is closest to 1% 9% 3% 4%

Q: From 2015 to 2018, the following statistics apply to Country A and Country B is depicted in the…

A: Nominal GDP includes both the growth and prices. Real GDP shows only the growth in the economy. Real…

Q: Italy is a relatively rich country with per-capita GDP of $28,000. India is a relatively poor with…

A: The rule of 70 is a means of estimating the number of years it takes for an investment or money to…

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: 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: Suppose a country has a real GDP per capita of $69,000 and grows at a constant rate for the next 49…

A: GDP per capita is calculated by dividing the total gross value contributed by all producers who are…

Q: How do I calculate average percent growth of Real Per Capita GDP using FRED database for years…

A: The growth rate refers to the rate at which a variable changes in percentage terms from period to…

Q: What is the Growth of Real GDP per capita if population growth is 0.5%?

A: Real GDP Per Capita is the resulting value arrived at by dividing the entire economic output (GDP)…

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: In about twenty years, a country could approximately double its GDP if its sustaining an annual…

A: The answer is - 3.5%

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: Population of a Country The population of a country has a relative growth rate of 3% per year. The…

A: Population growth is the variation in the population concerning time. The population growth rate is…

Q: A country will roughly double its GDP in twenty years if its annual growth rate is: Group of answer…

A: Here we will use the future value formula in case of compound rate of interest, which is given as:…

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: Formulate 5 specific ways or programs for the government to create faster ways of economic growth,…

A: Microeconomics and macroeconomics are the two most important branches of economics. Microeconomics…

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: At an annual growth rate of 3.5% it will take approximately years for a country's GDP to double.…

A: Part A: Let the original GDP be x and the double of this GDP is 2x. Let’s calculate - how many years…

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

A:

Q: Identify the factors which are the drivers behind a countries rate of growth. Describe the relevance…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

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: 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: 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: What can be inferred with respect to economic growth and price control in GDP per capita (current),…

A: What may be deduced from GDP per capita (current), GDP growth rate, and inflation rate in terms of…

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: Four Reasons why economic growth is important for a country

A: Gross domestic product is the market value of final goods and services that are produced within the…

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: Suppose a country has a real GDP per capita of $68,000 and grows at a constant rate for the next 36…

A: GDP per capita is calculated by dividing the total gross value contributed by all producers who are…

Q: At an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over…

A: Using rule of 70, Doubling period = 70 / annual growth rate = 70 / 2 = 35 years

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: a given theorhetical country currently has a GDP of 50,000. The growth rate is projected to hit 7%…

A: GDP is the value of final goods and services produced in the economy within a period of time.

Q: 18  If real GDP is 250 in Year 1 and 300 in Year 2, what is the growth rate of real GDP Group of…

A: Given:  real GDP in year 1= 250  real GDP in year 2= 300

Q: Average Growth Rate (2000-2015) of Per Capita GDP Population GDP High-income countries United States…

A: Per capita GDP is expressed as the ratio GDP of a country and total population. It is shown as…

Q: If an economy annual real GDP  growth rate reduces from 8.2 percentage, its real GDP doubling time…

A: Here we calculate the real GDP doubling time by using the rule of 70  and choose the correct option…