if people in it in poverished nation are faced with life and death survival decisions what is the relevance of sustaining at least a 2% rate of economic growth

Q: Assess one (1) problem associated with using gross domestic product as an indicator of  economic…

A: The gross domestic product(GDP) of an economy is defined as the market value of all the final…

Q: A nation can achieve higher economic growth if: Question options: a) the productivity of labor…

A: Economic growth refers to an increase in the real value of the aggregate output produced by an…

Q: If real income per person was $47,210 in the U.S. in 2010, and $55,860 in 2014, what was the annual…

A:

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: Last year, real GDP in Oceania was $620 billion and the population was 2.3 million. The year before,…

A:

Q: Evaluate the view that increased investment is the most important factor in achieving a faster rate…

A: Economic growth: - economic growth is the increase in the quantity of goods and services in an…

Q: Developing country needs FDI to promote its own economic growth. Do you agree or disagree? What…

A: A)  Becsuse FDI and economic development are positively depending on each other. Accordingly, Yes…

Q: The most commonly used measure of the economic growth of a country is which of the following? (A)…

A: Economic growth is measured by the increase production of goods and services per capita by a country…

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: A country aims to double real GDP per capita in the next 25 years. If the rate of population growth…

A: Using the rule of 70 Growth rate to double = 70/years=70/25=2.8% Future value, FV = 2 Present value,…

Q: 2004 and 2014. This could be achieved if the economy grew at an average rate of at least 4.5% in the…

A: Answer in step 2

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: If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate?…

A: We could solve this with the help of formula

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

A: Economic growth refers to the rise in the production and consumption of goods and services from one…

Q: MODIFIED TRUE OR FALSE Take-off stage of growth begins when industrial or manufacturing society…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Of the following countries, which one had the highest average growth rate per year from 1993-2012?…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: Formulate 5 specific ways or programs for the government to create faster ways of economic growth,…

A: Microeconomics and macroeconomics are the two most important branches of economics. Microeconomics…

Q: if a country does not have a large endowment of natural resources then they cannot achieve sustained…

A: It is not necessary that country should have large endowment of natural resources,then only it would…

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

A: Country Alpha experiences no economic growth, while Country Beta grows at a sustained rate of 5…

Q: Country A and Country B initially have the same real GDP per capita. Country A experiences no…

A: GDP refers to the value of final goods and services produced in an economy. Real GDP is the value of…

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

A: Part A: Let the original GDP be x and the double of this GDP is 2x. Let’s calculate - how many years…

Q: If the growth rate in an economy is 2%, its GDP will double in about:    48 years.…

A: Rule of 70 is used to determine the expected time in which the value of investment done in time 0…

Q: The benefits of economic growth, particularly as measured by real GDP per capita, include greater…

A: Answer -1  For the vast majority of people, the benefits of economic expansion as measured by Real…

Q: Economic growth appears to be determined by a country's growth capability and prior economic…

A: Explanation:- Eсоnоmiс  grоwth  аррeаrs  tо  be  а  funсtiоn  оf  а  соuntry's  сарасity  fоr…

Q: A lower income economy starts off with a per capita GDP of $5,000. How large will the per capita GDP…

A: Given data: per capita GDP of $5,000 Annual growth rates are: 2% for 10 years 2% for 30 years 4% for…

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

A: GDP is the measure of value of all the final goods and services produced in an economy in a given…

Q: In a country, if the growth rate of RGDP per person is 5%, how long it will take to double its RGDP…

A: The value of economic output can be measures by RGDP and which is adjusted for inflation or…

Q: Based on the "Rule of 70", a country that has a constant real per capita GDP growth rate of 2% per…

A: According to Rule 70: Number of years to double = (70 / Annual growth rate) Note: If the annual…

Q: As economic growth models become more and more inclusive of realistic conditions and incorporating…

A: Answer-

Q: tial obstacles to

A: Sustainable economic growth implies a rate of growth which could be maintained without creation of…

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

A: The production function explains the relationship between input and output.

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

A: Given  GDP in year 2020 = $20 trillion  It is expected to double in the next 20 years  It means that…

Q: Please briefly describe at least two (2) factors or considerations/policies that you believe are the…

A: Various factors are responsible if a nation is on the path of growth and also prosperity, which…

Q: The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was launched by Deputy…

A: Here, various economic issues are arisen to deal with them and to enhance the economic growth. These…

Q: At an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over…

A: Using rule of 70, Doubling period = 70 / annual growth rate = 70 / 2 = 35 years

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: What rate of GDP growth would the government need to meet its goal of doubling the population's…

A: If the government want to meet its goal of doubling the living standard in 18 years then they are…

Q: if real GDP grows at an annual rate of 3.4% and the population grows at an annual rate of 1.6% then…

A: Real GDP per capita = real GDP / Population So, Growth in Real GDP per capita = Growth in real GDP -…

Q: At an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

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 the GDP (t) of Japan is $997.50B today and this country is expecting its GDP (t+1) to be $1,076.9…

A: Given the present GDP of Japan = $997.50 Expected GDP = $1076.9

Q: There are two common measures of growth. Year-on-year percentage  growth and Compound Annual Growth…

A: The comparison of one period with the same period the prior year is known as year-over-year(YOY).…

Q: The measure of GDP for economic growth is not always perfect. Describe any two problems that are…

A: Solution: Gross domestic product GDP (Gross domestic Value) is the total value of goods and services…