Consider the following data for country A: Population (millions) Real GDP Country ($ billions) 50 Calculate per capita real GDP (Enter your response rounded to the nearest integer.) Suppose that during the next 10 years, real GDP triples and population doubles in country A. What will per capita real GDP after 10 years have passed? (Enter your response rounded to the nearest integer.) $

Q: In 1980 Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million.…

A: Before we solve the above problem, let us first understand some key concepts:  While GDP measures…

Q: The table shows real GDP per capita (RGDPPC) for the fictitious country of Amerucana for a…

A: GDP or the gross domestic product of a country refers to the value of all the final goods and…

Q: The Central African Republic has a GDP of $234,000 million and a population of 4.862 million.…

A: Real GDP per capita is calculated by. dividing GDP at constant prices by the population of a country…

Q: In 1989, America's GDP per capita was approximately 30,000 (measured in today's dollars). How much…

A: In 1989, America's GDP per capita was approximately $30,000. In 2015, America's GDP per capita is…

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A:

Q: In 2000 GDP per capita was 18.3, capital/output was 3.3, human capital was 4.8. In 2010 GDP per…

A: The relationship between production output and production inputs is represented by a Cobb-Douglas…

Q: Real GDP per capita increases by 9% in the first year and by 5% in the second. After 2 years, what…

A: We assume that the real GDP per capita in Year 0 is $100 After one year in Year 1 our GDP increases…

Q: dollars

A: The catch up growth is also known as theory of convergence . According to this theory , the poor or…

Q: if a nation has a population of 100 million, a labor force of 60 million, GDP of $100 billion , then…

A:

Q: ndia's per-capita GDP must double __________  times. Use the rule of 70 to find how many years it…

A: Per capita of the  GDP of Italy is $28000, Per capita of the GDP of India is $3500, So in 1st…

Q: Fill in the blank   Italy is a relatively rich country with per-capita GDP of $28,000. India is a…

A: Given:

Q: Consider the following data for country A: Population (millions) Real GDP ($ billions) Country A 11…

A: Gross Domestic Product (GDP), the total market value of the products a nation's economy generated…

Q: An economy starts off with a per capita GDP of $4100. How large will per capita GDP be if it grows…

A: GDP is an estimation that looks to catch a country's monetary result. Nations with bigger GDPs will…

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A: Economics deals with the effective allocation of scarce resources to satisfy the unlimited wants of…

Q: Italy is a relatively rich country with per-capita GDP of $28,000. India is a relatively poor with…

A: Italy is relatively rich country. India must double its per capita GDP to equate with Italy’s Per…

Q: per capita? a) GDP per capita and growth in GDP per capita rise b) GDP per capita and growth in GDP…

A: From 1346-1353, the black plague ravaged Europe. It is the most deadly pandemic in history, causing…

Q: France and the US. France and the US are among the most successful economies in the world, but a…

A: a) In the mentioned table we here calculate output per capita (GDP/Capital); output per worker…

Q: Year GDP Per Capita Population Capital Labor Education 1960 1,224.79 40,818.61 24.749 208,509.8…

A: With the given information, we calculate GDP= GDP Per Capita* Population and GDP Per Worker=…

Q: Using the information provided in Table 1 below for the Traditional Human Development Index, answer…

A: Human Development Index (HDI): It is a single index to measures human development by capturing the…

Q: should the GDP per capita in the united states be higher than Canada's

A: GDP of the country helps in the measurement of total goods and services produced by the…

Q: In 2018, according to the International Monetary Fund, India had the world’s 7th-highest nominal…

A: The real and nominal GDP are the macroeconomic components that show the value of all the final goods…

Q: Which of the following statements is correct? World economic growth was near zero from ADI until…

A: World economic growth shows the gross domestic product of all the economies globally in a nutshell.…

Q: If a country has a per capita GDP of $5,200 and it grows at a 6% annual rate. How long will it take,…

A: Per capita GDP measured the standard of living of a country.  Per capita GDP is $5200 Annual growth…

Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million.…

A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP…

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A: Real GDP per capita refers to the portion of the real GDP or the amount of the national income in…

Q: 1 of 10 In 1980, Denmark had a GDP of $70 billion (measured in U S. dollars) and a population of 5.1…

A: here we can find the GDP per capita rise by following method

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Q: 2001, a country had a real GDP of $30,000,000 and in 2002, real GDP was $40,000,000. What was the…

A: The real GDP is the inflation adjusted level of GDP in the economy. The GDP is the summated money…

Q: The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005…

A: Gross Domestic Product or GDP is a statistical measure used to calculate the total money value of…

Q: What cause GDP per capita to be low compare to its GDP

A: The GDP is the sum of the final value of the domestic value of goods and services which are produced…

Q: If economic output is increased by increasing the number of people working in the economy, then *

A: It is said that the economy increases it output , by increasing the labors in the economy .

Q: How can you explain that the per capita GDP has been almost multiplied by three in WE from 1820 to…

A: In the beginning of 1820 Ottoman empire was scarce in labour and capital but it had ample amount of…

Q: The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population…

A: GDP conveys the performance of a nation during a given period of time. The rate at which GDP changes…

Q: Per capita GDP can be defined as GDP per person. GDP per unit of capital. GDP per unit of…

A: GDP measures the market value of all final goods and services produced in an economy within a given…

Q: Which type of statistic measures the financial-economic interdependence between the US and the…

A: Economic interdependence means the country is dependent upon a different economy for the various…

Q: Country A and Country B start with the same GDP per capita of $50,000. Country A's GDP per capita…

A: ANS The rule of 70 states that if we divide 70 by the growth rate of a variable then we get the time…

Q: 5. In 2013, the average person’s income in Iceland was $41,000. This is an example of what type of…

A: Answer: Per capita income/GDP: It refers to the average GDP per person in an economy. Per capita GDP…

Q: If a country has a per capita GDP of $4,200 and it grows at a 5% annual rate. How long will it take,…

A: The economies around the world tend to focus on their economic growth, and development. The nations…

Q: Consider two countries. Country A has a population of 1,000, of whom 800 work 8 hours a day to make…

A: Let us consider both the countries one by one.   Country A :- Population = 1000 Number of workers =…

Q: The growth rate of potential GDP is not affected by   a. the growth rate of the labor force.   b.…

A: Potential GDP is the level of output that the economy can produce at a constant inflation rate. It…

Q: Use the data for the country of New Finlandia in the following table to calculate the following:…

A: here we calculate the Increases in real GDP  and Annual growth rate by using the given data so…

Q: We measure standards of living using GDP per capita.  Using the production function, which of the…

A: Total production function shows the how each inputs determine the total output For example,…

Q: United Hong Kong Statement Canada Guatemala Korea Niger Kingdom This economy had the highest level…

A: From the given data, the country Hong Kong has the highest level of GDP in 2010, $44,070. The…

Q: We measure standards of living using GDP per capita. Using the production function, which of the…

A: Total production function shows the how each inputs determine the total output For example,…

Q: In 2000 GDP per capita was 14.2, capital/output was 3.5, human capital

A: ANSWER STEP-1 SOLUTION:- According to the given data we have cobb- Douglas production function is in…