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- The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real GDP in 5 years time if (1) growth is 3% per year, and (2) growth is 2% per year. (b) What is the difference in GDP between a growth rate of 2% and one of 3% over those 5 years? (Note: There is a note on compounding growth in the Canvas Module).Write the equation for the Rate of Return?The GDP of South Africa in 1950 was 77,836.88 million dollars. In 2019 it was 748,861 million dollars. What has been the annualized growth rate of GDP for South Africa during the period 1950 to 2019? Use growth compounding to calculate the number and write the answer in percent terms with up to two decimals (e.g., 10.22 for 10.22%, or 2.33 for 2.33%).
- 6. The woman has a saving goal of $25,000 7 years from now. To help her reach the goal, her father offers to give her $1,000 now. She plans to work at a local coffee shop and make 7 additional deposits, one at the end of each year. The first deposit is made at the end of the first year. If all her savings are deposited in a bank that pays 5% interest, how much should her annual deposit be?how to calculate inflation rate of 10 consecutive years of a country with the gdp growth rate?Mr. Scoobertini owns a store specializing in soccer jerseys. In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added at Alejandro's store in 2008?A) $70,000B) $110,000C)$280,000D) $490,000