If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate? (Round to the nearest whole number, i.e. 10%)

Q: If personal income is the currently the same in two countries "India" and "China," but India has a…

A: Personal income is the amount of money collectively received by the inhabitants of a country.

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: Income claculation for year 2013 are : Consumption=$40, Government Expenditure=$50, Investment=$25,…

A: The process by which a country's wealth increases over time is known as economic growth. Although…

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

A: The rule of 70 is a means of estimating the number of years it takes for an investment or money to…

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 the chain-weighted growth rate of real GDP from 2007 to 2008 is 13% using 2007 as the reference…

A: The chain-weighted growth rate is defined as the ratio of GDP values of two adjacent years…

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: GDP decreased by 8% from March 31 to June 30, 2020. the annualized GDP growth rate for this period…

A: The GDP is the total income from goods and services produced domestically during a particular period…

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

A: here we calculate the growth of real GDP which are as follow-

Q: A nation's real GDP was $250 billion in Year 1 and $270 billion in Year 2. Its population was 120…

A: Real GDP: - it is the inflation-adjusted value of all final goods and services produced in any…

Q: The real GDP in the second quarter of 2019 was found to be $500,000 and the number of hours worked…

A: Real GDP in 2019 = $500,000 Labor hired in 2019 = 5,000 Labor productivity in 2019 will be given as…

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: The growth rate of nominal GDP in 2019 is percent.

A: Nominal GDP is the value of all goods and services in an economy at the current price.

Q: How much should a nation be concerned if its rate of economic growth is just 2% slower than other…

A: The small difference in the rate of growth makes larger economic effect over a long period of time…

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: Higher business tax * (A) increase inflation (B) decrease inflation (C) does not directly affect…

A: Affect of Tax on the economy: Taxes are duties or additional charges levied on individuals and/or…

Q: It is observed that in a country in a given period of 20 years the average GDP growth rate has been…

A: Gross Domestic Product :  GDP is a measure of the size of a country's economy. When GDP goes up, the…

Q: If a country experiences real economic growth of 12% per year, it can go from being one of the…

A: Now days china China is fastest growing economy in the world . And Now in present just before week…

Q: A number of countries in the world have achieved sustained economic growth. In all of these…

A: The sustainable economic growth is the implication of the growth rate that an economy has achieved…

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: Texas 45,091 58.417 Colorado 47,335 59,057 Ohio 42,086 51.456 What is the difference in terms of…

A: The average annual growth rate (AAGR) is the common boom or lower withinside the cost of an funding…

Q: Are rapid economic growth (as measured by either GNI or per capita GNI) and a more equal…

A: Rapid economic growth refers to the faster or higher production of goods and services in an economy.…

Q: If real GDP in the year 2000 was 100 and the growth rate is 5 per cent per annum what will be the…

A: The formula: Real GDP after n th year=real GDP now *(1+g)n n=years=2100-2000=100 years g=growth rate…

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: Malaysia’s real GDP was $560 billion in 2010 and $570 billion in 2011. Malaysia’s population was…

A: i. Economic growth rate = {(GDP at present value -GDP at initial value)/ GDP at initial value}* 100…

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

A: Per Capita when the economy grows at an annual rate of 3% for 10 years…

Q: In a given year the nominal GDP growth rate is 10%, with inflation and population growth rates of 5%…

A: Given, Nominal GDP growth = 10% Inflation growth rate = 5% Population growth rate = 2%

Q: The three pillars of productivity growth does not include an A. increase in the rate at which…

A: When the value of output rises with the available level of inputs is called productivity growth.…

Q: In the period of 1950-1973 the GDP average growth rate reached 9.3 % in Japan and approximately 4 %…

A: Gross Domestic Products defined as the total of market values of al final goods and service. GDP…

Q: What can you say about Turkey in the average GDP growth for the next 3 years (2021-2023)?

A: Because of the impact of covid-19 pandemic,Turkey is expected to see decline in GDP in the next 3…

Q: Which of the following factors contribute to economic growth? Question options: a) an increase in…

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: ARE RAPID ECONOMIC GROWTH AS MEASURED BY GNI OR PER CAPITA INCOME CONFLICTS WITH A MORE EQUAL…

A: Economies undergo economic growth can be calculated Using two methods. Either it can be done using…

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: The GDP growth has been limited to 1% in the Ottoman economy in the period of 1820-1913. How can you…

A: GDP: It is the final value of goods and services that are produced within a country during a…

Q: 18  If real GDP is 250 in Year 1 and 300 in Year 2, what is the growth rate of real GDP Group of…

A: Given:  real GDP in year 1= 250  real GDP in year 2= 300

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: If real GDP in year 1 is $487 billion and it is $498 billion in year 2, what is the economic growth…

A: The term real GDP is defined as the inflation-adjusted value of all final products or goods and…

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: 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…

Q: If the real GDP growth rate in the UK is 2.0% on average, then the level of real GDP will be doubled…

A: Given : Average growth rate in the UK =2% Time to double the GDP =?