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?

Q: What is the GDP growth rate?

A: The term Growth means quantitative change in any variable.

Q: In this section we looked at the growth rate formula for measuring the average annual growth rate of…

A: The compound annual growth rate is the rate of return that is required for an economic variable to…

Q: How do I calculate average percent growth of Real Per Capita GDP using FRED database for years…

A: The growth rate refers to the rate at which a variable changes in percentage terms from period to…

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: 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 is the “productivity puzzle” and how is it linked to economic growth?

A: Productivity is an economic concept that refers to the calculation of output per unit of input. It…

Q: What is the Growth of Real GDP per capita if population growth is 0.5%?

A: Real GDP Per Capita is the resulting value arrived at by dividing the entire economic output (GDP)…

Q: Suppose that a country's annual growth rates were as follows over a 10-year period. Year Growth Rate…

A: The growth rate of a worth gauges its change starting with one period and then onto the next…

Q: An emerging country has a real GDP of $1446.7 billion. After one year, real GDP has grown to $1534…

A:

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: 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: Why does economic growth matter in an economy

A: An increase in the market value of goods and services over a specific period of time is referred to…

Q: In 2001, the GDP of China was $6000. Suppose that China has a growth rate of 6.2%. a. What is…

A: The GDP in 2001 was $6,000. Growth rate = 6.2% The future value of GDP can be calculated as: Future…

Q: Economic growth

A: Economic generally agreed that economic development and growth are influenced by four factors:-…

Q: What is the growth rate of output per person in this economy?

A: To find the growth rate of output per person, we need to first find the growth rate of output and…

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: Questión b Suppose GDP per capita is $2,500 in 1912 and $2,550 in 1913. The growth rate of GDP per…

A: The per capita gross domestic product (GDP) is a financial measure that calculates a country's…

Q: 892.8 834.9 725.8 growth rate of real GDP for 1930?

A: GDP of a country is the aggregate value of goods and services produced by the nation in a year. When…

Q: Shows how the graph will look for the positive relation between growth rate and standard of living…

A: When a country grows and started producing more output the standard of living for the people's also…

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: Calculate the average annual growth rate using the information in the table below. Round to two…

A: The average annual growth rate shows the average rise or fall in any concerned value over the given…

Q: If the population of Camelot was 13 in the year 1723, and they have a growth rate of 3.5%, what is…

A: HERE we calculate the population in 2020 by using exponential growth equation which are as follow-

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: Use the table to answer the questions. Define productivity as GDP per worker, and please enter all…

A: GDP per workers refers that how much per worker gives their share in GDP growth  it is also known as…

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: How to calculate Average annual growth rate of real GDP per worker, Real GDP per person, Real GDP…

A: The real GDP per capita is calculated by dividing the actual GDP by way of the overall…

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: ii. Given Y = xert find growth rate.

A: ii. Given:Y=xert

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 the annual GDP growth rate on average in a country is 5%, the current GDP is $10 trillion, how…

A: The number of years required to double the growth rate would be found by the rule of 70.  By this…

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: 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: In 2015, the GDP of US was $2100. Suppose that US has a growth rate of 2.3%. a. What is US GDP after…

A: Given data: In 2015 GDP=$2100 Growth rate, r=2.3%

Q: Table 11.Growth (in Trillions) Real Year GDP 2015 16.30 2014 16.29 2013 15.92 2012 15.43 2011 15.19…

A:

Q: How do gains in worker productivity lead to gains in per capita GDP? What is an aggregate production…

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…

Q: Two countries start with equal GDPS. The economy of Country A grows at an annual rate of 3 whereas…

A: Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to…

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: 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…