If a country’s GDP rises from $100 to $103, What is rate of economic growth and then Explain short answer how the government can achieve growth support your answer by giving example?

Q: 2. As an economic and accounting analyst, which of the two should a government pay more attention…

A: Export means a situation where a country send goods to the other country and import is such a…

Q: government should emphasize economic growth

A: The fiscal policy is a tool of government through which it regulates the economic condition. The…

Q: Explain how our standard of living depends upon our level of real GDP per person but there might not…

A:

Q: 25. In a country called Disney World, in 2020, GDP amounted to $7,000; consumption amounted to…

A: Government purchases include any spending by federal, state, and local agencies, with the exception…

Q: Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category…

A: In economics, the final demand domestically can be defined as the total demand for final services…

Q: Identify THREE public policies that can stimulate employment and facilitate economic growth in an…

A: The term ‘employment’ refers to the state of being utilized. It's the connection between associate…

Q: 1. What does the latest available data say about the current rate of GDP growth? 2. Is the…

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

Q: Suppose that nominal GDP was $12 trillion in 2040 in Bedrock. In 2050, nominal GDP was $15 trillion…

A: Economic growth is defined as an increase in the production of economic goods and services from one…

Q: tion 11 nation's potential output/GDP is best described as: The maximum growth rate of output/GDP a…

A: GDP is the market value of final goods and services produced in the country within a period of time

Q: Assume that an economy currently has a nominal GDP of $500 billion. If the economy were to grow at…

A: Given Nominal GDP = 500 Billion $ Growth rate = 3 %

Q: 1. Give three reasons why GDP is the most widely used measurement in determining economic growth and…

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

Q: total output

A: (a) If the workforce is growing by 1 percent and productivity remaining constant, the output will…

Q: Suppose that nominal GDP was $20 trillion in 2040 in Bedrock. In 2050, nominal GDP was $18 trillion…

A: The nominal GDP in 2040 was $20 trillion The nominal GDP in 2050 was $18 trillion…

Q: explain the role of government in economic growth and especially about government expenditure

A: The government has many roles in the country such as maintaining inflation by changing in money…

Q: For a consumption dependent economy like Malaysia and the United States, which factor contributes…

A: Personal Consumption Expenditures. Consumer spending contributes almost 70% of the entire us…

Q: Refer to the above table.  Between years 1 and 2, real GDP grew by __________ percent in Alta:…

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

Q: explain the economic health of Grenada base on the information below          Grenada gdp per…

A: Given: GDP per capita of Grenada from the year 2017 to 2019.

Q: The size of the US national income (GDP) in 2018 is 20.5 trillion dollars, China's 13.6 trillion…

A: GDP can be defined as the total number of goods and services produced with a country or a…

Q: . How much more output does the $20 trillion U.S. economy produce when GDP increases by 1.0 percent?

A: GDP of the US economy = $20 trillion

Q: Explain the determinants of productivity. (Word count: 250 words max.)   Many countries import…

A: a) Determinants of productivity are  1) Human capital: Human capital is the knowledge and skill set…

Q: (real GDP) $ 2,000 2,100 2,200 (real GDP) $ 150,000 152,000 154,000 Year (population) (population) 1…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: A. By what percentage did GDP decline in 2008? B. At that rate, how much output would have been…

A: A.  3.8 percent

Q: 2. As an economic and accounting analyst, which of the two should a government pay more attention…

A: Economic growth is basically described as the boom or improvement inside the inflation-adjusted…

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: Some data at first might seem puzzling: The share of GDP devoted to investment was similar for…

A: The growth aspects and measures of a country can be measured by the gross domestic product that…

Q: .If the economy wants to decrease private sector's investment spending,    a. both the government…

A: According to classical economists, the expansionary fiscal policy in which government spending (G)…

Q: Identify THREE public policies that can stimulate employment and facilitate economic growth in an…

A: The policy that depicts the proposal for solving problems of real-world that is being guided by a…

Q: Which of the components of GDP must increase if we are to experience greater rates of economic…

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

Q: 3. Refer to the table below for an imaginary economy of Flowerland. Year Real GDP Population 2015 60…

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

Q: For a given level of technology, a more rapid rate of economic growth can probably be achieved only…

A: For a given level of technology, a more rapid rate of economic growth can probably be achieved only…

Q: Course: Macroeconomics Find GDP per capita when the population is 1 billion and GDP is $3 trillion.

A: Formula for GDP per cpaita = GDP/ population.

Q: If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual…

A: The gross domestic product (GDP) is defined as the market value of all the goods and services…

Q: government policy that would increase the long-run economy growth..

A: Economic growth refers to the increment in the national output of a region on yearly basis. It…

Q: 38)The following data are for a hypothetical economy in billion. What is GDP? Consumption…

A: GDP: GDP i.e. the gross domestic product is the value of all finished products produced in the…

Q: 1. What is economic growth and with the help of appropriate examples, how to achieve economic…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: What is the relationship in the growth rate of output and government spending in the graph?

A: The relationship between the growth output and the government spending is such that a shock to the…

Q: If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it…

A: Changes in the level of gross domestic product per capita account for a large part of people's…

Q: 24. If Botswana had a -3.5% growth rate between 2015 and 2016, and then it had a 3.5% increase…

A: Growth rate is determined by GDP per capita. GP per capita is determined by dividing Gross Domestic…

Q: Use the concept of an economy-wide production possibilities to explain full employment output and…

A: Full employment in its entirety output is Pareto efficient. It means that the economy can't raise…

Q: a. Explain concisely whether the following statement is true or false: “The GDP of a country does…

A: Note- Since you have posted multiple independent questions in the same request, we will solve the…