Real GDPYear(billions of2000 dollars)200916,200201017,500Refer to the above table. Using the table above, what is the approximategrowth rate of real GDP from 2009 to 2010?8.0 percentO 15.1 percentO 9.3 percentO 7.4 percent

Real GDP measures the market value of goods and services using constant sets of prices.

Answered: Year (billions of 2000 dollars) 2009…

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Explain why U.S. potential GDP per worker per week is greater than that in Europe. What could induce Europeans to work the same hours as Americans and would that close the gap between potential GDP per worker in the two economies? U.S. potential GDP per worker per week is greater than that in Europe because O A. U.S. workers work fewer hours on average but they are more productive than Europeans O B. U.S. workers are more productive per hour of work and they work longer hours than Europeans C. the supply of labor in America is smaller than the supply of labor in Europe O D. the United States uses less capital but they use it more effectively Click to select your answer and then click Check Answer. 2. parts remaining Clear All MacBook Air 80 888 000 000 esc F1 F2 F3 F4 F5 F6 F7 F8 ! @ # $ 1 2 3 4 5 6 7 Q W E Y tab A S D F G H * 00 T R
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5 Question This question is supposed to familiarize you with the calculation of growth over multiple periods. In the lectures you learned that the growth rate of a variable from one period to the next is given by Yt - Yt-1 9y= Yt-1 where g, denotes the growth rate, y, the value of the variable y in period t, and yt-1 the value of the same variable in period t- 1. Very often we are dealing with growth over many periods, say 50 years, in which case the above formula is not helpful. In that case we use the following formula: Yt = Yo (1+9y), where yo is the value of the variable at the beginning of the period, y, is the value of the variable after t periods, and g, is the (constant) growth rate. Depending on what information is given, you can solve the formula for either yt, Yo, gy, or for t. Now turn to the actual problem: The poorest countries in the world currently have an annual per capita income of about $600. We can reasonably assume that it is nearly impossible to live on an income…
Table 11.Growth (in Trillions) Real Year GDP 2015 16.30 2014 16.29 2013 15.92 2012 15.43 2011 15.19 2010 14.94 2009 14.54 Refer to Table 11.Growth. Economic growth rate for 2013 is about О 2.32% O 1.67% O 1.58% О 3.18%
Compute the profit from triangular profit if the bid and ask rate for pound and US$ are 0.70pound/US$, 0.73pound/US$, and for US$ and euro are 0.9euro/US$ and 0.94euro/US$, and for pound and euro are 0.64pound/euro, and 0.68pound/euro. Compute the triangular arbitrage profit if the notional sum is $1,000. The steps to be followed are buy euros, then buy pound and then buy US$. a. -$ 32.35 b. -$ 73.53 c. $ 72.19 d. $ 9.12
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Which of the following statements do not correctly describe exponential growth? (Check all that apply) DA New growth builds on past growth and its effects compound. De. The growth rate stays approximately constant. Yc The growth rate keeps increasing each year. o. The growth rate fuctuates drastically. Suppose Arendelle's real GOP per capita was 535,000 in 2012 In 2013 and 2014, It increased to $36,400 and $37,860 respectively (all numbers are in 2012 constant dollan) The growth rate between 2012 and 2013 in this economy was%. (Round your answer to the nearest whole number.) Arendelle shows growth over the yearn.
Question 22 Here are hypothetical data for Germany and Japan on average labor productivity, the number of persons employed, and population in a given year: Average labor |productivity S88,204 $44,216 Number of persons employed 32.36 million 50.48 million than that of Germany by approximately . Population 78.17 million 104.3 million Germany Japan Japan's real GDP per person is O lower; $15,114 O higher; $121,711 O lower; $121,711 O higher; $15,114

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Year (billions of 2000 dollars) 2009 16,200 2010 17,500 Refer to the above table. Using the table above, what is the appr growth rate of real GDP from 2009 to 2010? O 8.0 percent O 15.1 percent O 9.3 percent O 7.4 percent