If the population of Camelot was 13 in the year 1723, and they have a growth rate of 3.5%, what is their population in 2020?

Q: What is the steady-state level of capital per worker? (Round your answer to three decimal places.)

A: Steady state of capital per worker is achieved where change in capital (∆k) is equal to zero. and ∆k…

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: Jamaica has been lagging in economic growth behind the other islands in the Caribbean. Why and what…

A: Economic growth refers to the increase in level of goods and services produced in an economy over…

Q: In 1950, the real per capita GDP (in USD) in Mauritius is 4,382, and in 2017 the figure is 20,631.…

A: "GDP (gross domestic product) measures the value of all finished goods and services produced within…

Q: what causes two country to have similar investment but different growth rate

A: There are many factors which affects growth rate of any country besides the investment.

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: 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: What is the instantaneous rate of growth of y in each of the following? (a) y = e0.07t (b) y =…

A: The instantaneous rate of growth of output measures the amount by which the output will increase in…

Q: The best measure of economic growth adjusted for the population of a nation is the increase in: O…

A: Real GDP measures the market value of goods and services using constant prices whereas nominal GDP…

Q: In 2010 USA had 100 people and RGDP was $100. In 2011, USA had 102 people and RGDP was $103. What is…

A: The number of people in the economy is given to be 100 in the year 2010 and the number increases to…

Q: Economists who believe that the recent increase in the average productivity growth rate may be…

A: The super-normal growth in the USA during 1995-2009 was experienced due to factos like high…

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: ma

A: Green engineering is the commercialization,design and use of products and processes which minimize…

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: South Africa's economic growth rate in 2018 was percent. percent. The growth rate of real GDP per…

A: Economic growth rate:  Economic growth rate is the percentage of the value of the real gross…

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: 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: Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year…

A: Rule of 70: - it gives the number of years in which an amount of money gets doubled at a particular…

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: Suppose the rate of economic growth in Sealand was 5%, capital growth 6%, and labor growth 3%. If…

A: Let's assume there is a cobb-Douglas production function: Y = AKaL1-a Where Y is output A is…

Q: A country starts with real GDP per capita of 500, and is growing at 4.3% per year. After 70 years,…

A: Given  Real Gdp per capita = 500  Growth rate = 4.3% = 4.3/100 = 0.043 After 70 years the real GDP…

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 1960, per-capita GDP in Japan was 1/3 of that in the UK. By 1990, Japan and the UK had equal GDP…

A: Following formulas are used, Total growth rate of per capita GDP = Average growth rate of per capita…

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: Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of…

A: The rule of 70 is a way to calculate that how much time it will take to double the GDP at certain…

Q: Downtown has been experiencing an explosive population growth of 10% per year. At the end of 2017…

A: Compound interest rate formula  Amount = Principal (1 + r)^n

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

A: To calculate number of years it will take real GDP per capita to increase to $7000, we use compound…

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: In 2017, the productivity level of both Germany and the US was $ 72 per hour. Germany's productivity…

A: Productivity indicates the efficiency of inputs used in a production process. It measures the ratio…

Q: what is the growth rate of GDP per capita formula

A: GDP stands for Gross domestic product which means total amount of goods and services produced within…

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: If income per capita is growing at a constant rate 3%, how long will it take to double?

A: Number of years = 72 / Growth rate

Q: Minutes before addressing his nation, a country's president has asked quickly calculate how long it…

A: The number of years it takes for a country's economy to double in size is equivalent to 70…

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: Why is economic growth important? Why could the difference between a 2.5% and a 3% annual growth…

A: Economic growth means an improvement in the output of market products and facilities from one period…

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 rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Real GDP per capita in the country of Arcadia grew from about $4,545 in 1900 to about $40,064 in…

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

Q: If an economy annual real GDP  growth rate reduces from 8.2 percentage, its real GDP doubling time…

A: Here we calculate the real GDP doubling time by using the rule of 70  and choose the correct option…

Q: What is the growth rate in Country A in 2020? Select one: a. % 10 b. % 5 C. % 25

A: Growth rates refer to the percentage change of a specific variable within a specific time period.…