The growth of real GDP per person in Australia between 1964 and 2000 was the result of: a. growth in both average labour productivity and the share of population employed b. growth in average labour productivity only c. growth in neither average labour productivity nor the share of population employed d. growth in the share of population employed only

The growth of real GDP per person in Australia between 1964 and 2000 was the result of: a. growth in both average labour productivity and the share of population employed b. growth in average labour productivity only c. growth in neither average labour productivity nor the share of population employed d. growth in the share of population employed only

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 5E

See similar textbooks

Similar questions

Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of 9 billion (measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.
The growth of real GDP per person in Australia between 1964 and 2000 was the result of: a. growth in both average labour productivity and the share of population employed b. growth in average labour productivity only c.growth in neither average labour productivity nor the share of population employed d. growth in the share of population employed only
Australia's real GDP was $A1,730 in 2017 and $A1,782 in 2018. Australia's population was 24.6 million in 2017 and 25.0 million in 2018. Calculate a. The growth rate of real GDP. b. The growth rate of real GDP per person. c. The approximate number of years it will take for real GDP per person in Australia to double if the current real GDP growth rate and population growth rate are maintained.
In 2007, the rate of growth of Real Gross Domestic Product was 3.7%. In 2008, it was 0.2%. That means Select one: a. Production was declining in 2008 and rising in 2007 b. Production was declining at a decreasing rate c. There was virtually nothing produced in 2008 d. Production was growing at a decreasing rate e. Production was less in 2008 than in 2007. Clear my choice
Brazil’s real GDP was 1,520 trillion reais in 2011 and 1,585 trillion reais in 2012. Brazil’s population was 195 million in 2011 and 196.5 million in 2012. Calculate a. The growth rate of real GDP b. The growth rate of real GDP per person c. The approximate number of years it takes for real GDP per person to double when the real GDP growth rate and the population growth rate are maintained.
Malaysia’s real GDP was $560 billion in 2010 and $570 billion in 2011. Malaysia’s population was 130.7 million in 2010 and 130.8 million in 2011. i. Calculate economic growth rate of Malaysia. ii. Calculate growth rate of real GDP per person of Malaysia. iii. How many years it takes for real GDP per person in Malaysia to double if the 2010 economic growth rate and population growth rate are maintained.
Data measuring the economic growth rate, as measured the year after a major natural disaster, for example, a hurricane, an earthquake or pandemic usually shows a: a. small rise in construction but negative declines in all other sectors b. sharp rise over the previous year c. negative growth rate d. sharp fall over the previous year
Productivity is defined as the quantity ofa. labor required to produce a nation’s GDP.b. labor required to produce one unit of goods and services.c. goods and services produced from each unit of labor input.d. goods and services produced per unit of time.
Tremendous decline has been observed in GDP growth rate of Pakistan identify and explain the reason in detail
The growth rate of potential GDP is not affected by a. the growth rate of the labor force. b. environmentalists’ ability to pass regulations. c. the rate of technological progress. d. the growth rate of a nation’s capital stock.
1. Japan’s real GDP was 525 trillion yen in 2009 and 535 trillion yen in 2010. Japan’s population was 127.6 million in 2009 and 127.5 million in 2010. Calculate a. The economic growth rate. b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GDP per person in Japan to double if the real GDP economic growth rate returns to 3 percent a year and the population growth rate is maintained.
The standard of living in a nation is measured by: A. the rate of growth of real gross domestic product per capita. B. its employment rate. C. the rate of growth of nominal gross domestic product. D. its unemployment rate E. its inflation rate