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- The following graph illustrates the natural logarithm of real GDP per capita for Estonia (EST), Lithuania (LTU), and Latvia (LVA) for each year from 1995 to 2021. 10.5 10 9.5 8.5 8 Natural Logarithm of Real GDP per 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 EST Worker •LTU LVAIf the GDP per capita of a country doubles every one hundred years, the shape of its graph on a linear scale graph and a ratio scale graph are: Linear scale graph Ratio scale graph An upward-sloping curve with (a) increasing slope (called convex An upward-sloping straight line shape) (b) An upward-sloping straight line A straight horizontal line An upward-sloping curve with (c) | An upward-sloping straight line decreasing slope (called concave shape) An upward-sloping convex (d) An upward-sloping convex curve curve Select one: а. а) O b. b) С. с) O d. d)Nominal GDP (billions of cunent $) GDP defatar Population growth 101% Date 2007 $14,0618 10630 2008 143691 10n.62 0.93% 2009 14,129.0 109.61 2010 14,660.4 0S0% Use the data in the table above to calculate the economic growth rate for the United States from 2008 to 2009. Give your answer to two decimals. Note that all data is from the end of the year specified.
- Given the statistics in the table below, which of the following statements is true? Bangaladesh GDP per person (2010 constant U.S. dollars) $1002.39 $1062.04 $1127.27 $1203.22 Year 2015 2016 2017 2018 Kenya GDP per person (2010 constant U.S. dollars) $1093.13 $1129.71 $1157.05 $1202.13 From 2015 to 2018, Kenya's standard of living always exceeded Bangladesh's standard of living. By the year 2018, Bangladesh had caught up with Kenya in terms of standard of living. From 2015 to 2018, Kenya's economic growth always exceeded Bangladesh's economic growth. From 2015 to 2018, Kenya's economic growth rate was always negative.Please typed not Handwritten!!!Year Real GDP per Capita 1985 6,000 1986 6,300 1987 6,700 1988 7,200 1989 7,850 1990 8,250 1991 8,450 1992 8,550 1993 8,575 1994 8,510 1995 8,370 1996 8,100 1997 7,950 1998 7,925 1999 7,960 2000 8,035 2001 8,155 The information above describes the real GDP per capita for a country for the period from 1985 through to 2001. I.…
- Suppose that Indonesia's national production function is Y = K 05L 05, where K is the amount of land and Lis the amount of labor. The economy starts when the amount of land owned is 100 units and the number of workers is 100 units. Calculate the following indicators. a. How much output is produced? b. What are the labor wages and land rent? c. What is the share of the output received by labor? d. If a natural disaster occurs that causes the population to be reduced by half, what is the new level of national output? e. What are the new rates of labor wages and land rent? f. What share of output does the labor receive now?Calculate real GDP per capita for each region in 2014 using the following data. Round answers to the nearest dollar Region Estimated 2014 population Real GDP California 38.68 million $2,141,906 France 66.33 million $1,507,209 Canada 35.54 million $2,602,646.25The table below gives economic data for the small island economy of St. Artie's. All data was computed at the end of each year. Year GDP Deflator Nominal GDP 2017 100 2,000,000 2018 110 2,090,000 2019 115 2,190,000 2020 121 2,400,00 What was the Real GDP growth rate between the end of 2017 and the end of 2018? Group of answer choices 4.5% 10% -5% -10%
- EconomicsCalculate the average annual growth rate using the information in the table below. Round to two decimal places. Year Growth rate 2017 3.2% 2018 2.7% 2019 0.5% 2020 1.8%Units Current Reales (million) Million 2000= 100 Reales Reales, 2000 2000 Nominal GDP Population GDP deflator Nominal GDPpc Real GDPpc Source: World Bank, World Development Indicators (online) 1,199,092 174.5 100.0 6,840 6,840 2017 How long would it take for real GDPpc to double? 6,559,940 209.3 369.4 28,299 7,661 What does this 0.9% growth in real GDPpc mean in terms long-term standard of living in Brazil? Average annual growth (%) 14.0 1.4 10.6 11.5 0.9 I
