_____ shows roughly how long it will take a nation to double its output at various growth rates. A. The GDP deflator B. The rules of the game C. The production possibilities curve D. A per-worker production function E. The Rule of 70
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_____ shows roughly how long it will take a nation to double its output at various growth rates.
A. The GDP deflator
B. The rules of the game
C. The
D. A per-worker production function
E. The Rule of 70
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- What are the advantages of backwardness for economic growth?An emerging country has a real GDP of $1553.1 billion. After one year, real GDP has grown to $1677 billion. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number. growth rate:Assuming a country’s economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of living in their country more than double by the time they had reached age __________. Question options: a) 30 b) 60 c) 50 d) 40 Country Alpha and Country Beta initially have the same real GDP per capita. Country Alpha experiences no economic growth, while CountryBeta grows at a sustained rate of 5 percent. In 14 years, Country Alpha’s GDP will be approximately _________ that of Country Beta. Question options: a) triple b) double c) one-half d) one-fourth
- Suppose a country’s total output is growing 10 percent per year, but its population is growing 11 percent per year. What will happen to living standards? a. Rise. b. Fall. c. Remain the same.Consider the following data for the country below. Year Population ( Millions) Real GDP ( Trillions of $) 1 400 18 2 480 27 Instructions: Enter your answers as whole numbers. a. What is the growth rate of real GDP from year 1 to year 2? ( in percentage) b. What is the growth rate of real GDP per capita from year 1 to year 2? ( in percentage)2) If real GDP in a small country in 2020 is $21.5 billion and real GDP in the same country in 2021 is $22.4 billion, the growth rate of real GDP between 2020 and 2021 A) is 0.90%. B) is 4.02%. C) is 4.19%. D) is 9.00%. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- 1. Japan’s real GDP was 525 trillion yen in 2009 and 535 trillion yen in 2010. Japan’s population was 127.6 million in 2009 and 127.5 million in 2010. Calculate a. The economic growth rate. b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GDP per person in Japan to double if the real GDP economic growth rate returns to 3 percent a year and the population growth rate is maintained.The base year is 2020. GOOD QUANTITY (2020) PRICE (2020) QUANTITY (2021) PRICE (2021) RULER 1000 R3.00 900 R3.50 PENS 2000 R5.00 2200 R6.00 PENCILS 600 R6.00 500 R7.00 4-Did Abanaman Republic experience economic growth in 2021? Showyour calculations.What is the inflation of higher savings on economic growth classify as? a. Marco, examining one sector in economy b. Marco, examining one firm in economy c. Macro, examining entire economy
- pleasee quickkk !!!! Long-run economic growth can help alleviate the problems of poverty by... a. Requiring increased saving on the part of most of the population. b. Generating more resources that can be used to reduce income inequality. c. Reallocating income away from low-value production to increase the incentives for high-value production. d. Increasing future consumption for the middle class. e. Creating new low-paying jobs for the unemployed.Don't give AI solution A country had real GDP per peria of 5800 in 2005 and has had average real GDP growth of 8.4 %per wear, over the next 15 years, What is real GDP - at the end of that period?A nation's real GDP was $250 billion in Year 1 and $265 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2? Multiple Choice 15.0 percent 6.0 percent 5.7 percent 1.1 percent
