Real GDP per capita in the U.S. In 2021 Is roughly $59 ,000. Suppose that the US. government expects real GDP per capita to grow at a constant rate of 1.8% per year for the next 20 years, that is until year 2041. f that is the case, what will thhe level of per- capita GDP be in the USA in 2041 according to the government's expectations?. Important: You have to round your answer to the nearest Integer ( and do not enter S signs or your answer will be incorrect.)

Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter25: Production And Growth
Section: Chapter Questions
Problem 1CQQ
icon
Related questions
Question
2
Question 29
Real GDP per capita in the U.S. In 2021 is roughly $59 ,000. Suppose that the US.
government expects real GDP per capita to grow at a constant rate of 1.8% per year tor
the next 20 years, that is until year 2041. If that is the case, what will the level of per-
capita GDP be in the USA in 2041 according to the government's expectations?.
Important: You have to round your answer to the nearest Integer (and do not enter $
signs or your answer will be incorrect.)
Transcribed Image Text:Question 29 Real GDP per capita in the U.S. In 2021 is roughly $59 ,000. Suppose that the US. government expects real GDP per capita to grow at a constant rate of 1.8% per year tor the next 20 years, that is until year 2041. If that is the case, what will the level of per- capita GDP be in the USA in 2041 according to the government's expectations?. Important: You have to round your answer to the nearest Integer (and do not enter $ signs or your answer will be incorrect.)
Question 28
20.7
what is the approximate growth rate of z in terms of the growth rates of
For z=
I and y?
O gz 0.7g2-0.4gy
9z 2
Transcribed Image Text:Question 28 20.7 what is the approximate growth rate of z in terms of the growth rates of For z= I and y? O gz 0.7g2-0.4gy 9z 2
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Nash Equilibrium
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning