ENVSOCTY 1HB3 - Winter 2024 - Tutorial Activity #2 - Q&A - V21

Starting from year 2023 and assuming that both the annual growth rates of RGDP and population will remain at the levels in the table below, choose the correct statement: Average RGDP growth Average population Country 2010-2019 (%) growth 2010-2019 (%) China 7.68 0.56 India 6.62 1.23 Vietnam 6.58 1.02 Singapore 4.99 1.34 Data Source: World Bank O India will double its real GDP per person in 2036. Vietnam will double its real GDP per person in 2036. O Singapore will double its real GDP per person in 2043, while China 10 years earlier. O All the above

What are the current growth rates, population size and patterns of the United States, China, and Brazil. What are the discussions on events or policies that may have affected that countries population size/growth rate. Be sure to include reputable sources, such as the United Nations or your selected country's government websites.  government's response to population changes (laws, policies, social changes, etc.) Give the current population size of the world and the current projection of the population size as the 21st century progressed.

Statistics indicate that the world population since world war II has been growing exponentially. If we assume exponential growth, the world population can be modelec by P (t) = 3(1.013) where P(t) is the world population in billions and t is the time in years since 1999. When (which year) will the population reach 12 billion? {your final answer just number without decimal}

Given the table below, calculate the population growth (number of individuals) in this country for 2010, 2015 and 2020. The result should be an integer number (no decimals). Round to the nearest number. E.g if the result is 350.4, write 350. If the result is 350.5, write 351. Number of individuals 2010 2015 2020 Births Deaths Immigration Emigration 5000 6000 7000 5500 5600 6000 850 2000 3000 450 500 600 Write the population growth (number of individuals) for 2010 in Blank #1. Write the population growth (number of individuals) for 2015 in Blank #2. Write the population growth (number of individuals) for 2020 in Blank # 3. Blank # 1 Blank # 2 Blank # 3

> Consider the data in the table below: Per capita GDP, 2017 Saving rate (%) TFP (Ā) United States 1.000 23.5 1.000 Switzerland 1.151 28.8 1.052 Answer the following questions using the Solow growth model. 9. Assuming no differences in TFP (ignore the last column) and no differences in the rate of depreciation between the U.S. and Switzerland, use the data in the table to predict the ratio of per capita GDP of Switzerland relative to that of the U.S. in the steady states. How much percent richer is Switzerland than the U.S. in steady state? 10. Now do the same exercise assuming TFP is given by the levels in the last column. Now how much percent richer is Switzerland than the U.S. in steady state? Consider the data in the table below: Per сapita GDP, 2017

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a) Identify ONE way that the data in the chart illustrate global economic differences between countries in the late twentieth century.   refer to picture*

Briefly discuss the damages of Covid-19 on Pakistan’s economy? Discuss policies to stabilize economic growth? Also suggest remedies to rebuild the economy?

Assume you are given the following data for country Alpha and country Beta. Country Alpha Beta GDP per Capita $2,500 $15,000 Based only on the GDP per capita data given in the table, you would most likely want to live in Now assume you are given the following additional quality-of-life data. Alpha Beta Life Expectancy at Birth Per Capita Calorie Supply Country Alpha Beta (Years) 70 (Per day) Per Capita Energy Consumption (Kilograms of oil equivalent) 3,500 65 2,500 4,000 3,000 Based on the information in both tables, the nation that you would most prefer to reside is .

Identify ONE way that the data in the chart illustrate global economic differences between countries in the late twentieth century. b) Identify ONE similarity (other than GDP per capita) that might account for the low life expectancies of some of the world’s countries, as displayed in the chart. c) Explain ONE way in which longer life expectancies in some of the world’s countries, as displayed in the chart, have led to new political, economic, or social problems.

If country A’s and country B’s GDP per capita are $10,000 and $5,000 this year, respectively. Country A is projected to grow on average 2% a year in the foreseeable future and country B is projected to grow on average 5% a year. How many years will it take for country B’s GDP per capita to equal that of country A? (Show calculation steps.)

The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter plots) and the trajectories since 1760 for a few representative countries (the paths). Based on this information, which of the following statements is correct? GDP per worker (1985 PPP $) 40,000 35,000- 30,000- 0025,000- 20,000- 15,000 1910 10,000- * 5,000 1.. Jose to 1973-4 1953 Select one: US (1800-1990) M UK (1760-1990) 1910 1760 1760 1800 India (1860-1990) Japan (1870-1990) Taiwan (1901-1990) Switzerland (1990) 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Capital per worker (1985 PPP $) O a. Japan was more capital intensive than the UK in 1990. O b. There is no clear evidence of technological progress in GDP per worker in the US. O c. The average product of capital (Y/K) has been higher in Japan than in the UK over the years shown. O d. Switzerland has been the most successful country in attaining a high GDP per worker for a given amount of capital per worker.

Sweden and Norway are two neighboring countries in Northern Europe with similar savings rates, population growth rates, technology growth rates, and depreciation rates. However, Norway differs from Sweden in that Norway has large deposits of oil all along its coast, which makes it very easy for Norway to produce large quantities of crude oil every year with relatively little capital and labor. a) Draw a Solow Growth diagram that compares Sweden and Norway. What is the main difference between the two countries in the diagram? b) According to the Solow Growth Model, which country would have a higher standard of living in the long run? Which country would have a higher growth rate of its standard of living in the long run? c) Suppose now that, in the long run, oil becomes obsolete and has no value because it is uneconomical relative to renewable energy sources like solar and wind power. What would this do to your Solow Growth diagram in part a? How would the standard of living in Norway…

forecast about the average GDP growth for the next 3 years (2021-2023)? Explain and justify. So calculate the contributions of TFP to GDP growth in this years. assuming alpha = 0.4

Using the World Bank data base, (data,worldbank.org) select four economic variables of interest and analyze those variables over the last 20 years for Caricom member countries, Dominican Replublic, Mauritius and Singapore. Examples of these variables are inflation, unemployment, Real GDP Growth, Per Capita Income, Debt to GDP, Fiscal Deficits, etc.

Why is the number of people moving to cities in LDCS greater than the number of people moving to cities in MDCS? What are the Economic Development Implications of the rapid growth in population of LDC cities? Ike all elace raenrene

What information will you need to compute for the following: Growth rate of investment Growth rate of exports Growth rate of OFW deployment

GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies. Group of answer choices 2000 1970 1980 1990 1960

The population of a town grows at a rate proportional to the population present at time t. The initial population of 500 increases by 10% in 10 years. What will be the population in 20 years? (Round your answer to the nearest person.) persons How fast (in persons/yr) is the population growing at t = 20? (Round your answer to two decimal places.) persons/yr

Please summarize and do the key findings of the Reviving Growth report (WORLD BANK EAST ASIA AND THE PACIFIC ECONOMIC UPDATE APRIL 2023)