Exhibit 2C: Drivers of GDP growth Average year-over-year % change 5.0% 4.4% 4.5% 4.3% 4.0% Growth in workers + Growth in real output per worker 3.5% 3.4% 3.3% 1.2% 3.1% 3.0% 1.9% 2.5% 2.0% 1.5% 1.0% 2.4% Growth in real GDP 2.4% 1.3% 1.9% 1.8% 0.3% 1.7% 0.5% 14% 0.5% 0.0% 3.1% 2.5% 0.9% 1.4% 2.0% 1.5% 1.0% 1.5% '50-'59 60-69 70-79 80-89 90-99 '00-09 10-19 20-23° World potential GDP benefit under net zero carbon emissions by 2050 (percent deviation from reference scenario) 10 8 6 4 2 0 -2 2025 2030 2035 2040 2045 2050 Net GDP benefit Avoided chronic damages Sources: NGFS (2023), Scenarios Portal; IIASA (2023), NGFS Phase 4 Scenario Explorer; and IMF staff calculations. Note: NIGEM model with REMIND-MAGPIE inputs. The reference scenario is the Current Policies scenario with no transition but physical risk. Avoided acute damages Mitigation policy costs IMF
Exhibit 2C: Drivers of GDP growth Average year-over-year % change 5.0% 4.4% 4.5% 4.3% 4.0% Growth in workers + Growth in real output per worker 3.5% 3.4% 3.3% 1.2% 3.1% 3.0% 1.9% 2.5% 2.0% 1.5% 1.0% 2.4% Growth in real GDP 2.4% 1.3% 1.9% 1.8% 0.3% 1.7% 0.5% 14% 0.5% 0.0% 3.1% 2.5% 0.9% 1.4% 2.0% 1.5% 1.0% 1.5% '50-'59 60-69 70-79 80-89 90-99 '00-09 10-19 20-23° World potential GDP benefit under net zero carbon emissions by 2050 (percent deviation from reference scenario) 10 8 6 4 2 0 -2 2025 2030 2035 2040 2045 2050 Net GDP benefit Avoided chronic damages Sources: NGFS (2023), Scenarios Portal; IIASA (2023), NGFS Phase 4 Scenario Explorer; and IMF staff calculations. Note: NIGEM model with REMIND-MAGPIE inputs. The reference scenario is the Current Policies scenario with no transition but physical risk. Avoided acute damages Mitigation policy costs IMF
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
- Based on the pictures of the graphs consulted, comment what is expected from the American economy in the next years in general terms.
- Are there differences in the
forecasts ? - How do you think the state will act in the future based on the chart variables that inform us about its behavior?
- What will the behavior of families and companies be like?
- Write in an essay form after all the questions have been answered.
Using these graphs provided, Answer the questions in an essay format, comparing the two.
Transcribed Image Text:Exhibit 2C: Drivers of GDP growth
Average year-over-year % change
5.0%
4.4%
4.5%
4.3%
4.0%
Growth in workers
+ Growth in real output per worker
3.5%
3.4%
3.3%
1.2%
3.1%
3.0%
1.9%
2.5%
2.0%
1.5%
1.0%
2.4%
Growth in real GDP
2.4%
1.3%
1.9%
1.8%
0.3%
1.7%
0.5%
14%
0.5%
0.0%
3.1% 2.5% 0.9% 1.4% 2.0% 1.5% 1.0% 1.5%
'50-'59 60-69 70-79 80-89 90-99 '00-09 10-19 20-23°
Transcribed Image Text:World potential GDP benefit under net zero carbon emissions by 2050
(percent deviation from reference scenario)
10
8
6
4
2
0
-2
2025
2030
2035
2040
2045
2050
Net GDP benefit
Avoided chronic
damages
Sources: NGFS (2023), Scenarios Portal; IIASA (2023), NGFS Phase 4 Scenario Explorer;
and IMF staff calculations. Note: NIGEM model with REMIND-MAGPIE inputs. The
reference scenario is the Current Policies scenario with no transition but physical risk.
Avoided acute
damages
Mitigation policy
costs
IMF
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