Suppose using year 1 as the base, you found that real fixed-weight GDP in year 1 was $25,000 and the real fixed-weight GDP in year 2 was $26,000. If year 2 was the base, real fixed-weight GDP in year 1 was $30,000 and real fixed-weight GDP in year 2 was $32,700O. Calculate the chain-weighted growth rate between year 1 and year 2. Make sure to include the % symbol and to round two decimal places Using year 2 as the base year, calculate the chain-weighted real GDP in 1. Don't forget to put a $ with your answer and round two decimal places. Using year 2 as the base year, calculate the chain-weighted real GDP in year 2. Don't forget to put a $ with your answer and round two decimal places.
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- China's economic growth in 2015 is slowest in 25 Years China's growth rate slowed to an annual rate of 68 purcent in the fourth quarter of 2015, down from 73 percent in 2014 China's growth rate has slowed from 7.3 percent a year in 2014 and if it remans at 6.8 percent a year, how many additional years will it take for China's real GDP to double When real GDP per person grows at 73 percent a year, real GDP per person in China doubles in years >>> Answer to 1 decimal place.Assume a hypothetical economy that produces only one good – Peanut Butter. In year 1, the quantity produced is 4 packs and the price is Rs.400 per pack. In year 2, the quantity produced is 5 packs and the price is Rs.500 per pack. In year 3, the quantity produced is 6 packs and the price is Rs.600 per pack. Year 1 is the base year. What is the percentage growth rate of real GDP from year 2 to year 3? What is the inflation rate as measured by the GDP deflator from year 2 to year 3? In this one-good economy, how might you have answered parts (d) and (e) without first answering parts (b) and (c)?Suppose using year 1 as the base, an economist calculated that real fixed-weight GDP in year 1 was $60,000 and the real fixed-weight GDP in year 2 was $75,000. If year 2 was the base, real fixed-weight GDP in year 1 was $55,000 and real fixed-weight GDP in year 2 was $63,800. The CW growth rate between year 1 and year 2 is: Question 1 options: 20% 25% 16% 20.50%
- In 2019 a country has 7.48% growth in real gdp, and uses two factors of production: capital (K) and labor (L). In the table below you see the growth rates of the factors of production. Assume that the share of capital in the production is 40% and the share of labor in production is 60%. Capital (K) Labor (L) A country 4.67% 1.89% How much does growth in capital contribute to GDP growth? Write your answer as a percentage, round at two (2) decimals and do not write the percentage sign.Define the term Compound Growth?1. At an annual growth rate of 1.75% it will take If GDP starts at a value of $100 million, then in 200 years we would expect the value of GDP years for a country's GDP to double. to be times larger. 2. If nominal GDP is growing at 5% per year, the inflation rate is 2% per year, and population growth is-190 per year then real GDP per capita is growing at percent per year. 3. A country aims to double real GDP per capita in the next 25 years. This means that on average real GDP per capita must grow at per year. 4. A country aims to double real GDP per capita in the next 25 years. If the rate of population growth in the country is 1% per year then this means that real GDP must grow at per year.
- Consider a country with a nominal gross domestic product (GDP) of $1.0, trillion in 2013 and $1.1 trillion in 2018. In the same period the population decreased by 2% and price levels increased by 4%. What is the economic growth rate for this country? Ⓒ2% Ⓒ4% Ⓒ6% Ⓒ8% 10% Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A country's nominal GDP was 10 billion euros in year 2000. In the next ten years, nominal GDP increased by 2 % per year and prices incrcased 1,2 % per year. What was the annual growth rate (%) of real GDP in this 10-year period? Knowing this growth rate, what was real GDP in year 2010 using constant prices (base year 2000)?The following table shows the monthly total expenditure in 2010 for an economy expressed in thousands of Canadian dollars (CAD). Month Value Jan 358.6 Feb 373 Mar 387.9 Apr May 403.5 419.7 Jun 436.5 Jul Aug Sep 454 472.3 491.3 Oct 511.1 Nov 531.6 Dec 553.1 e. What is the annualized growth rate in percentage between January and February 2010 using the exact formula? Round your answer to the nearest second decimal. f. What is the annualized growth rate in percentage between November and December 2010 using the approximation formula? Round your answer to the nearest second decimal. g. What is the value of the index base 100 = April 2010 in November 2010? Round your answer to the nearest second decimal.
- This question pertains to correctly calculating total investment as a percent of GDP for a country across multiple years with different amounts of investment per year and different GDPs per year. I've seen 2 methods to calculate the total investment as a percent of GDP for 1 country. First, for each year, calculate investment as a percent of GDP for each year then sum those percentages. Second, sum all investments and sum all GDP across years and then divide sum of investments over sum of GDP. What is the correct method to calculate total investments across multiple years for 1 country when each year has a different GDP?Assume that an economy currently has a nominal GDP of $500 billion. If the economy were to grow at 3%, calculate what nominal GDP will be in five years, ten years, twenty years, and forty years if it is able to sustainthat same growth rate each year.Year Real GDP Nominal GDP 2019 $15,510.79 $17,310.70 2020 $17,495.23 $18,761.83 2021 $18,209.59 $19,253.97 Refer to the table above. What is the growth rate in real GDP from 2020 to 2021? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.