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- Imagine the GDP per capita of a country doubles every one hundred years. What would the shape of a linear-scale graph and a ratio-scale graph be? Select one or more: a. Linear scale: an upward-sloping curve with increasing slope (called convex shape) Ratio scale: an upward-sloping straight line b. Linear scale: an upward-sloping straight line Ratio scale: a straight horizontal line c. Linear scale: an upward-sloping straight line Ratio scale: an upward-sloping curve with decreasing slope (called concave shape) d. Linear scale: an upward-sloping convex curve Ratio scale: an upward-sloping convex curveDefine Economic events.The table below contains data on real GDP and the population of a fictional country in 2009 and 2010 answer the following question
- Suppose we have the following data given to us in this table. Year Real GDP Nominal GDP Population 2010 11,563 12,697 52 2020 12,406 13,395 49 Given this data, we would expect the quality of life to have increased by what percentage over the last 10 years? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.Use the Market Values approach to calculate the GDP of a fictitious country using the data in the table below: What is the GDP for this country? A) $10,178 B) $305 C) $410.450 D) $10,000Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022. c. What was the investment in Saudi Arabia in 2022?
- Q7 MCQ _________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. GNP; NNP NNP; GNP GDP; NNP NNP; GDPProvidence, R.I. has an average January temperature of 28.7 degrees Fahrenheit. What is this average if temp is expressed in Celsius? (Round to two decimal places.) [Hint: Conversion between Fahrenheit and Celsius is a linear transformation: Fahrenheit = Celsius*1.80 + 32, or Celsius = Fahrenheit*(1/1.80) - (32/1.80)] Anchorage, Alaska has an average July temperature of 58.4 degrees Fahrenheit. What is this average if temp is expressed in Celsius? [Hint: Conversion between Fahrenheit and Celsius is a linear transformation: Fahrenheit = Celsius*1.80 + 32, or Celsius = Fahrenheit*(1/1.80) - (32/1.80)]By looking at the graph what would you say the mean growth rate is over the sixteen years of Apple's revenue?
- Which statement below best supports the correlation (relationship) between energy consumption and a country’s Gross Domestic Product? Your answer: 1 Countries with a high gross domestic product are low consumers of energy. 2 There is no correlation between energy consumption and gross domestic product. 3 Countries with a high gross domestic product are high consumers of energy 4 Countries with a low gross domestic product are high consumers of energyWhich of the following is an example of a macroeconomic indicator? A)The price of a specific product B)The income of an individual household C)The unemployment rate D) The sales of a particular company10.14 Total economic output in three years. The n - vector xt denotes the economic output of a country in n different sectors, in yeart. An economist models the economic output using a linear dynamical system model xt+1 = Axt, where A is an n \times n matrix. Assuming her model is correct, find an expression for the total economic output in yeart + 3, in terms of xt and A. (The total economic output is the sum of the economic output in the n sectors.)