Suppose you reside in the country of Camelot In 2001, the total population is 110,000, the number of workers is 77 000, and real GOP is $5 280,000 000 Now assume in 2002, the total population is 115,500, the number of workers is 80 850, and real GDP is $5,121,600 000. In 2002, real income per capita is $ . (Round your response to the nearest dollar) In 2002 real income per worker is $ (Round your response lo the nearost dollor.) The change in worker productivily from 2001 is percent. (Round your resporise to bwo decimal places )

Suppose you reside in the country of Camelot In 2001, the total population is 110,000, the number of workers is 77 000, and real GOP is $5 280,000 000 Now assume in 2002, the total population is 115,500, the number of workers is 80 850, and real GDP is $5,121,600 000. In 2002, real income per capita is $ . (Round your response to the nearest dollar) In 2002 real income per worker is $ (Round your response lo the nearost dollor.) The change in worker productivily from 2001 is percent. (Round your resporise to bwo decimal places )

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 31P: Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa...

See similar textbooks

Similar questions

ode Wieles Rou w Tab Question: Assume that there are three industries in the Home country: industry A, industry B and industry C. Total labour force of the Home Country in the year 2015 was 75,000. 25,000 of this labour force were employed in industry A, 25,000 of it were employed in industry B, and the rest were employed in industry C. In year 2016, total labour force was 150,000. This time 50,000 were employed in industry A, 50,000 were employed in industry B and the remaining workers were employed in industry C. What is the industrial transformation for the Home Country? (a) 0. (b) 1/2. (c) 1/6. (d) 4/15. Show your calculation and explain it. Thank you for helping me with my tutorial :) Skip question Comment Flag question 2: $3.00 Subject: Economics
Switzerland population is 8,455,804. Its GDP is 617 billion in local currency, the Swiss Franc which is worth $1.10 (or 1 U.S. dollar is 0.91 Swiss Franc). Calculate Switzerland GDP in U.S. Dollar. What's GDP per capita in U.S. Dollar? In your opinion and in comparison to other countries, what does this GDP per capita indicate? Show all work.
The table below shows data over several years for a country's real GDP, the number of full-time employed workers (E), and the annual average number of hours worked per worker (H). a. & b. For each of the four years, compute real GDP per worker-a standard measure of labour productivity and a slightly more complex measure of labour productivity-real GDP per hour worked. (Round your answers to the nearest cent.) Year 1 5 10 15 Real GDP $524 billion $559 billion $661 billion $765 billion Full-time Employed Workers (E) 12.8 million 13.6 million 14.3 million 15.3 million Number of Hours Worked per Worker (H) 2023 1961 1932 1891 GDP E $ $ $ GDP EXH $
Thailand's 2018 per capita GDP in International Dollars is $11,000. Per capita GDP (PPP) is $32,000. Which of the following statements is incorrect: O The average Thai worker produced the same quantity of goods and services as the average American who produced $11,000 worth of goods and services. The average Thai worker enjoys the same standard of living as an American who earned $32,000 in 2018. O The Thai baht has more purchasing power in Thailand than $1 U.S. has in the United States. O The average Thai worker produced the same quantity of goods and services as an American who produced $32,000 worth of goods and services. 32 2
What is real GDP per capita if a country's real GDP is $5,968 billion and that country's population is 445 million? Round your answer to two digits after the decimal without a $ and without commas.
Please no written by hand and no emage Ecuador has a GDP of $89.0 billion (measured in U.S. dollars) and grows at 1.3% per year. Using the Compound Rate formula in the textbook, what is the country’s GDP after 6 years? A. $99.3 billion B. $96.2 billion C. $95.4 billion D. $93.1 billion
Snack Year Price per Unit Quantity 2021 10 pesos 30 2022 15 pesos 40 Select one: Cheese Nominal GDP is 970 pesos in 2021. Real GDP is 970 pesos in 2022. GDP deflator is approximately 108.38 in 2022. GDP deflator is 90 in 2021. Price per Unit 15 pesos 10 pesos The table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (in this question, take 2021 as the base year in your calculations whenever necessary) Soda Quantity Price per Unit Quantity 15 20 6 pesos 25 6 pesos 20
Given the following data for Jamrock country work out the following: US$mn. Private Consumption expenditure 300 Gross Fixed Capital Formation 50 Net Changes in Physical Stocks - 20 Government expenditure 120 Exports of Goods and Services 80 Imports of Goods and Services 50 Indirect taxes/taxes on expenditure 40 Subsidies 30 Net Factor Income payments from abroad + 15 Depreciation 25 iii. Gross National Product at factor cost value iv. Net National Income
A typical U.S. worker today works fewer than 40 hours per week, while in 1890, he or she worked 60 hours per week. Does this difference in the length of work weeks matter in comparing the economic well-being of U.S. workers today with that of 1890? Or can we use the difference between real GDP per capita today and in 1890 to measure differ- ences in economic well-being while ignoring differences in the number of hours worked per week? Briefly explain.
1
Category Value Net exports $50 Value of new goods and services produced in the underground economy 100 Personal consumption expenditures 350 Value of the services of stay-at-home parents 50 Gross domestic investment 100 Government purchases 100 Total 750 Instructions: In part a, enter your answer as a whole number. In parts b-c, round your answers to 2 decimal places. a. What is Upper Mongoose's GDP for the year? billion b. What is the size of the underground economy as a percentage of GDP? percent c. By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP? percent
4. GDP per capita shows how much gross domestic product each