if a nation real gdp is growing by 3.5 percent per year , its real GDP will double in aproxiately  1. 41.1 years 2, 20.6 years 3, 10.3 years 4, 72 years

Q: 6. Over the past 50 years, Brazil's population growth rate has averaged about 2.3 percent per year.…

A: Rule 70 is an important concept in economics. It is used to calculate the approximate time taken by…

Q: A mathematical approximation called the rule of 70 tells us that the number of years that it will…

A: Applying to this case if the rule of 70 Mexico's Real GDP per person would nearly double…

Q: If real GDP in Country A amounted to $1.62 trillion in 2019 and $1.71 trillion in 2018, the real GDP…

A: Real GDP growth rate = [[Real GDP in 2019 - Real GDP in 2018] / Real GDP in 2018] * 100

Q: If a nation’s productivity grows by 3 percent rather than 1.5 percent over many years, what will be…

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Q: Mexico​'s real GDP was 13,773 billion pesos in 2014 and 14,135 billion pesos in 2015.   Mexico​'s…

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Q: Consider the following data for country A: Population (millions) Real GDP Country ($ billions) 50…

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Q: 21) If real GDP grows from $10 trillion in 2002 to $10.5 trillion in 2003, the growth rate for real…

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Q: Sco's real GDP was 14,461 billion pesos in 2016 and 14,702 billion pesos in 2017 ico's population…

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Q: Assuming a country’s economy maintains an 8% rate of growth, young adults starting at age 20 would…

A: Hi, thanks for the question. As per the guideline we are allowed to attempt the first question. If…

Q: Consider the following data for the country below. Year Population ( Millions) Real GDP (…

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Q: A mathematical approximation called the rule of 70 tells us that the number of years that it will…

A: Applying to this case if the rule of 70 Mexico's Real GDP per person would nearly double concerning…

Q: if people in it in poverished nation are faced with life and death survival decisions what is the…

A: Economic growth: It refers to the development of the economy. The economic growth shows that the…

Q: In about twenty years, a country could approximately double its GDP if its sustaining an annual…

A: The answer is - 3.5%

Q: Population of a Country The population of a country has a relative growth rate of 3% per year. The…

A: Population growth is the variation in the population concerning time. The population growth rate is…

Q: Find the attached file.

A: ANS According to the rule of 70, the time taken for real GDP to double = 70/Annual percentage growth…

Q: What is gross capital formation reflecting in terms of GDP of a country? What it indicates when the…

A: Gross domestic product is the total market  value of of goods that is produced domestically during…

Q: For a given year, productivity in a particular country is most closely matched with that country's…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: propose 2 reasons why government should emphasize economic growth as a part of its mandate

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Q: Country Alpha and Country Beta initially have the same realGDP per capita. Country Alpha experiences…

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Q: At an annual growth rate of 3.5% it will take approximately years for a country's GDP to double.…

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Q: Assume that RGDP per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in…

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Q: Assume GDP per capita in constant dollars was $30,250 for 2003 and $40,000 for 2004. In this case,…

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Q: Please be brief and no more than 3 sentences are expected. 1. Why economic growth differs among…

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Q: An economy starts off with a GDP per capita of 12,000 euros. How large will the GDP per capita be if…

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Q: True or False: Countries that currently have low real GDPs per capita are destined to always have…

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Q: Real GDP in Country Z is growing at 5 per cent and its population is growing at 2 per cent. In…

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Q: tial obstacles to

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Q: The real GDP per person in a country A  has grown about 4 percent per year. When this country' GDP…

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Q: t (years since 2008) GDP (trillion dollars) 0.25 0.5 0.75 1 14.67 -14.81 14.84 14.55 14.38 (a)…

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Q: How does production and growth are related to each other? Compare and contrast.   no to plagiarism

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Q: Only answer the 2nd MCQ question of the growth rate of output per capita

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Q: Suppose Egypt has a real GDP per capita of $28,000. If real GDP per capita grows at a 3.5% annual…

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Q: In 2020, the GDP was approximately $20 trillion.  If GDP is expected to double in 20 years, what is…

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Q: True or False: The term developing country (DVC) is applied to rich nations like the United States…

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Q: If an economy's GDP will double in 15 years, then its growth rate must be about:    7%…

A: Rule of 70 is a very helpful way to estimate the time required for an investment to double given the…

Q: Suppose a country’s total output is growing 10 percent per year, but its population is growing 11…

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Q: Select one or more:   a. If Country C's GDP per capita rises from $2,500 to 7,500, and Country D's…

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Q: .At an annual growth rate of 7 percent, real GDP will double in about. a. 11.5 years. b. 10 years.…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: If a nation's real GDP is growing by 6 percent per year, its real GDP will double in approximately…

A: We shall use the concept called as Rule of 70. To estimate a the time it would take for the nation's…

Q: You are asked to perform a growth accounting analysis for Ethiopia to inform policy makers. Output…

A: