The most commonly used measure of the economic growth of a country is which of the following? (A) Gross national product (B) Level of exports (C) Level of imports (D) Fertility rate

Q: Assess one (1) problem associated with using gross domestic product as an indicator of  economic…

A: The gross domestic product(GDP) of an economy is defined as the market value of all the final…

Q: If real income per person was $47,210 in the U.S. in 2010, and $55,860 in 2014, what was the annual…

A:

Q: If real GDP in Country A amounted to $1.62 trillion in 2019 and $1.71 trillion in 2018, the real GDP…

A: Real GDP growth rate = [[Real GDP in 2019 - Real GDP in 2018] / Real GDP in 2018] * 100

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: GDP decreased by 8% from March 31 to June 30, 2020. the annualized GDP growth rate for this period…

A: The GDP is the total income from goods and services produced domestically during a particular period…

Q: In 1950, the real per capita GDP (in USD) in Mauritius is 4,382, and in 2017 the figure is 20,631.…

A: "GDP (gross domestic product) measures the value of all finished goods and services produced within…

Q: An analysis regarding the relationship between the inflation rate and economic growth in a country

A: Inflation means an increase in the price level of goods and services in an economy. It means…

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: If a country grows at a rate of 3% per year, how many years will it take to double in size?   The…

A: The economies around the globe are involved in various economic and financial activities, where the…

Q: Indars population rose from 68 crore in 1981 to 84 crore in 1991. Find the compound annual growth…

A:

Q: The growth rate of nominal GDP in 2019 is percent.

A: Nominal GDP is the value of all goods and services in an economy at the current price.

Q: Given the binding constraints above, which of the following sources of economic growth is the South…

A: Answer in step 2

Q: Higher business tax * (A) increase inflation (B) decrease inflation (C) does not directly affect…

A: Affect of Tax on the economy: Taxes are duties or additional charges levied on individuals and/or…

Q: If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate?…

A: We could solve this with the help of formula

Q: Real GDP per capita is $4000 in Country A and growing at a constant rate of 7% per year. Real GDP in…

A: Given real GDP  of country B = 4000 $ Growth rate = 5 % Future position = 8000 $

Q: South Africa's economic growth rate in 2018 was percent. percent. The growth rate of real GDP per…

A: Economic growth rate:  Economic growth rate is the percentage of the value of the real gross…

Q: In the midyear of 2020, a country’s population is 109,581,078 with a growth rate of approximately…

A: country’s population is 109,581,078 rowth rate of approximately 1.35% per year

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: The horizontal axis of the figure below shows log of real personal income per person in 1880 for 47…

A: Solution- Given in the question -Figure contains the log of real person income in 1880  for 47 us…

Q: If real GDP in the year 2000 was 100 and the growth rate is 5 per cent per annum what will be the…

A: The formula: Real GDP after n th year=real GDP now *(1+g)n n=years=2100-2000=100 years g=growth rate…

Q: 892.8 834.9 725.8 growth rate of real GDP for 1930?

A: GDP of a country is the aggregate value of goods and services produced by the nation in a year. When…

Q: For a village, the population P grows at arate of 1.6 % per year. The formula P= 3650 (1 + r) models…

A: In economics, population refers to a distinct group of individuals with common characteristics.…

Q: Since 1900, the longest expansion in the United States lasted - 120 months. - 128 months. 43 months.…

A: Economic expansion refers to the situation when an economy is experiencing an increase in the output…

Q: Over the last 5 years, the population level of a certain area has gone from 200,000 to 250,000, and…

A: Gross domestic product is known as the growth of the country. The gross domestic product is the…

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: Use a growth rate of 1.3​% to predict the population in 2042 of a country that in the year 2006…

A: We are going to use 72 formula to solve this question.

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: If the population of Camelot was 13 in the year 1723, and they have a growth rate of 3.5%, what is…

A: HERE we calculate the population in 2020 by using exponential growth equation which are as follow-

Q: In a given year the nominal GDP growth rate is 10%, with inflation and population growth rates of 5%…

A: Given, Nominal GDP growth = 10% Inflation growth rate = 5% Population growth rate = 2%

Q: How does production and growth are related to each other? Compare and contrast.   no to plagiarism

A: The production of the goods and services would result in the creation of the final value of the…

Q: Given the information in the extract, the Simple Keynesian Macroeconomic Model concludes the…

A: * ANSER :-  * The OPTION D (Aggregate spending is less than output) is correct answer. * Explanation…

Q: In 2017, the productivity level of both Germany and the US was $ 72 per hour. Germany's productivity…

A: Productivity indicates the efficiency of inputs used in a production process. It measures the ratio…

Q: In a country real GDP per capita 10 years ago was 24891, and now it is 38152. Calculate the average…

A: here we calculate the average yearly growth rate by using the given information so the calculation…

Q: what is the growth rate of GDP per capita formula

A: GDP stands for Gross domestic product which means total amount of goods and services produced within…

Q: True or False: The term developing country (DVC) is applied to rich nations like the United States…

A: Developing countries are the countries whose economy is under development there a certain parameter…

Q: town has a population of 5000 persons but, is expected to grow by 2% every year. What would be the…

A:

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

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: The population was 9.98 million in 2006 the growth rate is around 2%. Estimate the population of a…

A: The data presented in the question above is:- Population in 2006 = 9.98 million Growth rate = 2%…

Q: The population of a city in 1983 and 2000 was 36 and 51.4 crores respectively. Find the annual…

A:

Q: There are two common measures of growth. Year-on-year percentage  growth and Compound Annual Growth…

A: The comparison of one period with the same period the prior year is known as year-over-year(YOY).…

Q: Over the past year, in a given country, labor productivity (measured in hours worked) has increased…

A: The labor productivity is the output of labor per hour. The increase in the number of workers may…

Q: Real GDP per capita in the country of Arcadia grew from about $4,545 in 1900 to about $40,064 in…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

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…