In 1960 GDP per capita in the Republic of Korea (constant 2015 US$) was $1027. In 2021 it was $32731. Calculate the growth rate of real GDP per capita in the Republic of Korea over this period. Now suppose that the Republic of Korea grows at the same rate for the 70 years following 2021. What will the Republic of Korea real GDP per capitae in the year 2091? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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In 1960
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- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
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- Suppose a country has a real GDP per capita of $69,000 and grows at a constant rate for the next 49 years. How much larger (in percentage terms) is this country if its growth rate is 4.13% instead of 3.05% after 49 years of growth? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.Need help ASAP. 1. Assume that "A" represents your father's birth year. (Note: “A” is used only to individualize the question for each student). Calculate the average annual growth rate of GDP per capita in Turkey as a percentage between A and 2020, clearly showing the source from which you obtained the GDP figures(my father birth year is 1961)The rate of increase of real income per capita in a country has been calculated as 4000 / (t + 1) ln2, t year. Since real income per capita is 5000 TL at the beginning (when t = 0), what is real income per capita in the country after 7 years?
- It is observed that in a country in a given period of 20 years the average GDP growth rate has been 4%. However, it is observed that in this period the average GDP growth rate is 5% in the first 5 years and 3% in the last 5 years. How this difference in the average growth rates might be explained?Gross domestic product per capita is the ratio of total gross domestic product to population.gross domestic product, a unit of timemonetary value of the final goods and services produced in the economy (let be in TL) and population, unitaccording to the number of people in that economy at the time,a) write down the unit of measure and size of the gross domestic product variable per capita. b) what is the relationship between gross domestic product per capita, total gross domestic product and population growth?Express your conclusions in a sentence by making inferenceHow large will Canada’s GDP be in 25 years? The answer depends on what the rate of growth in GDP will be over that 25-year period. A mathematical formula we can use for this calculation is the following: GDP2041 = GDP2016 (1 + g)25 where GDP2041 is the level of GDP in the year 2041, GDP2016 is the level of GDP in the year 2016, and g is the rate of growth in GDP. Assume that GDP in 2016 is $1000 million and assume that the value of g is 0.035 (3.5 percent per year). What will be the value of GDP in 2041? Now suppose that the value of g is 0.040 (4.0 percent per year). What will be the value of GDP in 2041 given this slightly larger rate of growth? What does this result say about the importance of policies that promote even slightly faster rates of growth in GDP?
- If the real GDP growth rate in the UK is 2.0% on average, then the level of real GDP will be doubled in ____ years. 70 7 23 35Use a growth rate of 1.3% to predict the population in 2042 of a country that in the year 2006 had a population of 400 million. Use the approximate doubling time formula.Year Real GDP Nominal GDP 2019 $15,292.67 $17,081.38 2020 $17,822.90 $18,350.11 2021 $18,521.37 $19,397.19 Refer to the table above. What is the growth rate in real GDP from 2020 to 2021? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.
- Assume GDP per capita in constant dollars was $30,250 for 2003 and $40,000 for 2004. In this case, the economy's growth rate would be ___%Singapore's real GDP was 412 billion dollars in 2016 and 429 billion dollars in 2017. The population was 5.6 million in 2016 and 5.6 million in 2017. Calculate Singapore's economic growth rate in 2017, the growth rate of real GDP per person in 2017, and the approximate number of years it will take for real GDP per person in Singapore to double if the 2017 economic growth and population growth rates are maintained. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Qatar GDP per capita was 93,792 in 2017 and $90,070 in 1970. What was its annualized growth rate during this period? (Both figures are in 2011 international dollars.) if your answer is 1.72%, please write 1.72