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By 2050, the population pyramid of the United States is expected to resemble a
a. triangle.
b. a classic pyramid.
c. a rectangle.
d. an inverted pyramid
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- If the GDP deflator increases, we say that we had Group of answer choices a) recession. b) none of the other options. c) inflation. d) deflation. e) economic growth.Write down an equation of motion which takes into consideration technological advancement and what condition must be true if the economy is in the steady state. Be sure to label what the components are.Refer to Table 4.3 “The Model’s Prediction for Per Capital GDP” on page 83. Why is the “observed per capita GDP” in the last column 1.000 for the U.S.? A. The U.S. per capita GDP was $1,000 in real terms for the year given in the table B. It means the U.S. economy produces 100% of what it’s supposed to produce C. It means the U.S. economy uses 100% of all available capital in the country D. U.S. values are set, or normalized, to 1 while the other countries’ values are all relative to the U.S. values
- Generally, as the proportion of middle-income households in a country __________, the __________ a nation's purchasing power tends to be. A. increases; greater B. increases; less C. decreases; greater D. decreases; less E. There is no relationship at allIf the GDP deflator is greater than 100, thenA) nominal GDP is greater than real GDP.B) nominal GDP is lower than real GDP.C) nominal GDP equals real GDP.D) prices decreased by more than half between the current and the base years.If GDP is growing at an annual rate of 6%, in how many years will GDP double?
- In 2014, New Zeland changed its method of calculating real GDP growth rate, substituting fixed weights with chain weights. What might explain such a change in method? Are the differences between the two methods significant?If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is Group of answer choices 48. 133.33. 75. 480.How large will Canada’s GDP be in 25 years? The answer depends on what the rate of growth in GDP will be over that 25-year period. A mathematical formula we can use for this calculation is the following: GDP2041 = GDP2016 (1 + g)25 where GDP2041 is the level of GDP in the year 2041, GDP2016 is the level of GDP in the year 2016, and g is the rate of growth in GDP. Assume that GDP in 2016 is $1000 million and assume that the value of g is 0.035 (3.5 percent per year). What will be the value of GDP in 2041? Now suppose that the value of g is 0.040 (4.0 percent per year). What will be the value of GDP in 2041 given this slightly larger rate of growth? What does this result say about the importance of policies that promote even slightly faster rates of growth in GDP?
- Please no written by hand The standard of living (per capita Real GDP) in the U.S.: a. increased in every decade from 1930 to 2010 except the 1930s and 1970s b. almost doubled between 1930 and 2010 c. Both of the above d. Neither of the above The standard of living (per capita Real GDP) in the U.S.: a. increased in every decade from 1930 to 2010 except the 1930s and 1970s b. almost doubled between 1930 and 2010 c. Both of the above d. Neither of the abovef the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $18.75 trillion, then the value of real GDP in 2009 equals _____ trillion. Select one: A. $12 B. $12.5 C. $15 D. $18.75 E. $15.625What is real GDP per capita if a country's real GDP is $6.98 trillion and that country's population is 361 million? Round your answer to two digits after the decimal without a $ and without commas.
