31. Increases in the rate of growth of income per person in the United States in the mid-1990s is mostly likely the result of: a. increases in physical capital. b. advances in information technology. c. an increase in the saving rate. d. increases in human capital.

Q: Consider the following data on the Pakistan economy:   Nominal GDP GDP Deflator    Year (in…

A: Consider the following data on the Pakistan economy:   Year                Nominal GDP (in billions…

Q: Assignment 4 Chapter 7 Starting GDP Value: $100,000 Growth Rate: 5% Time: 5 years Value of GDP after…

A: “Since you have asked multiple questions, we will solve the first question for you. If you  want any…

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A: Introduction GDP is the national accounting measure of aggregate supply of goods and services in an…

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A: "Labor productivity refers to real output (GDP) per labor hour." "Growth rate of labor productivity…

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A: Hi Student, as per the guideline, we are providing answer for the first question (3rd question).…

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A: The basic growth rate formula that will help to solve this kind of problem Xt+n=Xt1+gn Where g is…

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A:

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A: 1.The latest available data says that global GDP growth is declining due to pandemic effect.

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A: Nominal GDP measures the gross domestic product of a country without adjusting for inflation. Real…

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A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: 19. Table below shows nominal GDP, the GDP deflator and the population for the U.S. for 2019 and…

A: Hi! thankyou for the question but as per the guidelines we answer up to 3 subparts at one time.…

Q: 1. Suppose the GDP deflator in 2000 is 105, and the inflation rate between 1999 and 2000 is 5%. In…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: 6. Calculating real GDP and real GDP per capita The following table provides the population size,…

A: Nominal GDP is the product of price of goods and quantity of goods.  Real GDP is the ratio of…

Q: Milk Quantity of Milk  (Quarts) Price of  Honey Quantity of Honey  (Quarts) 2007 $1 100 $2 50 2008…

A: Nominal gross domestic product(GDP) is GDP given in current costs, without change for inflation.…

Q: 2) The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real…

A: Real GDP in 2019 = 19,222 Billion $ Time = 5 years When growth rate is 3% per year Real GDP after…

Q: 9) In Norway, most citizens are able to afford basic necessities and some degree of comfort. 9) This…

A:

Q: b) Use the production and price information in the table to calculate real GDP for 2016, 2017, and…

A: 2016 2017 2018 Product Q P Q P Q P Sugar Cane 240 0.8 240 1 300 1.15 Yo-Yos 600 2.5 700 3 750…

Q: 892.8 834.9 725.8 growth rate of real GDP for 1930?

A: GDP of a country is the aggregate value of goods and services produced by the nation in a year. When…

Q: 1) Please answer the questions related to graph below: 30,000 Britain Japan Italy 25,000 China India…

A: We will answer the first three subparts only. Please resubmit the question with any other parts…

Q: 7. Which of the following are sources of growth?

A: Economic growth is the growth in the output level in an economy. Output level can be increased by…

Q: Define economic growth and explain what it means in terms of standards of living.   write neat…

A:

Q: c) The production and prices of Sandals and Shoes in Sole Land in 2020 and 2021 are as follows:…

A: Ans. c) Nominal GDP is the value of the product of the current price and quantity of the goods…

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A: With the presidential elections of the USA around the comer, the candidates have proposed different…

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A: In an economy, economic growth is measured by comparing the gross domestic product of two or more…

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A: Nominal GDP growth rate refers to growth rate of GDP of a country in current price terms whereas…

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A: GDP is the sum total of the value of all the goods and services produced in an economy during a…

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A: Productivity of Labor = Real GDPQuantity of laborReal GDP = Productivity of Labor x Quantity of…

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A: GDP Deflator is the ratio of nominal GDP to real GDP which is a measure of inflation.  Nominal GDP…

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A: Hi! thanks for the question but as per the guidelines, we answer only one question at one time.…

Q: Calculate real income for 2017 and 2018.     How much growth rate from year 2017 to 2018?

A: Nominal GNP means GNP at current prices but real income means GNP at constant prices. So, to…

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A: GDP = consumption + investment + government expenditure + net exports

Q: Table 23.1: Vital Economic Statistics for An Earthly Economy Nominal RGDP Total GDP Price Population…

A: The formula is:Real GDP =( Nominal GDP/Price index)*100Real GDP in year 6=(4900/117)*100=4188.03419…

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A: The gross domestic product(GDP) refers to the market value of all the final commodities produced…

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A: It refers to the all final value of goods and services produced in an economy or nation in a given…

Q: Year Nominal GDP (in Billion Ringgit) GDP Deflator (Base Year 1987) 2005 495,239 189 2006 546, 343…

A: Answer to the question is as follows :

Q: * 6. U.S. growth: On page 52, the United States between 1870 and 1929 was slightly lower than 2,0%…

A: Answer is given below

Q: 1. Economic growth around the world The following table reports real income per person for several…

A: From the above given information, the answers are below: