The growth rate of nominal GDP in 2019 is percent.

Q: If personal income is the currently the same in two countries "India" and "China," but India has a…

A: Personal income is the amount of money collectively received by the inhabitants of a country.

Q: Find the growth rates of the trend below and interpret

A: Answer is given below

Q: What is the GDP growth rate?

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

Q: If the chain-weighted growth rate of real GDP from 2007 to 2008 is 13% using 2007 as the reference…

A: The chain-weighted growth rate is defined as the ratio of GDP values of two adjacent years…

Q: TRUE OR FALSE: Population growth in high-income countries is higher than in low-income countries.

A: Concepts: A higher income country is a natiom with higher per capita income. It implies a higher…

Q: An analysis regarding the relationship between the inflation rate and economic growth in a country

A: Inflation means an increase in the price level of goods and services in an economy. It means…

Q: Why is the long run U.S. economic growth rate slowing?

A: The US market has been growing at a rate that hasn't been witnessed in decades.

Q: In order to improve living standards for future generations, the economy must sacrifice…

A: In an economy, the government needs to implement various policies and programs to improve the…

Q: With regards to macroeconomic growth, the most common goal is to achieve:  a gradual/progressive…

A: Economic growth refers to the steady increase of production of output over different periods. When…

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: Higher business tax * (A) increase inflation (B) decrease inflation (C) does not directly affect…

A: Affect of Tax on the economy: Taxes are duties or additional charges levied on individuals and/or…

Q: The Accelerated and Shared Growth Initiative for Botswana was launched by Deputy President in…

A: A binding constraint is one where some optimal arrangement is on the line for the constraint. Along…

Q: Analyse the link between finance and economic growth.

A: Economic Growth Economic growth basically refers to an increase in the value of a country's goods…

Q: According to the neoclassical growth model: A. The equilibrium growth rate can never change  B.…

A: The neoclassical growth model explains how labor, capital and technology can results into steady…

Q: A number of countries in the world have achieved sustained economic growth. In all of these…

A: The sustainable economic growth is the implication of the growth rate that an economy has achieved…

Q: Are higher long-run capital-income ratios associated with lower growth rates?

A: The Solow model is an economic growth model that examines the change in the output level in an…

Q: Calculate the real GDP growth rate for 2019, if real GDP in 2018 is 500 Euros and real GDP in 2019…

A: GDP is the value of final goods and services produced in the country.

Q: If real GDP in the year 2000 was 100 and the growth rate is 5 per cent per annum what will be the…

A: The formula: Real GDP after n th year=real GDP now *(1+g)n n=years=2100-2000=100 years g=growth rate…

Q: An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.

A: GDP refers to the all final value of good and services produced in the domestic territory of the…

Q: Calculate growth rate of real GDP in 2019 compared to 2009. Show calculations

A: Real GDP measures market value of goods and services using constant set of prices.

Q: Why is real GDP a better measure of economic growth than nominal GDP?

A: Nominal GDP refers to the total value of finished goods and services that produced within the…

Q: According to the rule of 70 and 72, a 10% annual increase in real gdp would lead to a doubling of…

A: The rule 70 is an easy method of determining the time period required to double the Real GDP of the…

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: Although economic growth is typically measured by calculating the rate of change in real GDP, there…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: real GDP equals potential GLDP. equals potential

A: Net exports refer to the difference between exports and imports of a country.

Q: A direct or positive relationship exists between a country's a.rate of population growth and its…

A: The term real GDP is a macroeconomic idea that actions the last market worth of the relative…

Q: Long-run economic growth can occur as a result of

A: Economic growth occurs as a result of increase in GDP.

Q: Name and explain three of the five policies to achieve faster economic growth.

A: When comparing one period of time to the next, economic growth refers to an increase in the…

Q: Why is Real GDP a better indicator of productive growth than Nominal GDP ?

A: Gross Domestic Product (GDP) measures the value of final goods and services produced with in the…

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: The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was launched by Deputy…

A: Here, various economic issues are arisen to deal with them and to enhance the economic growth. These…

Q: Suppose there is an increase in the saving rate. We know that this will cause an increase in which…

A: Solow growth model is an exogeneous growth model which argues that in the short run growth is…

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: 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: Describe Factors that may hinder economic growth

A: Economic growth refers to a rise in the production of economic goods and services, compared from one…

Q: Policymakers trying to promote economic growth must confront the issue of what kinds of capital the…

A: Policymakers need to consider various variables while handling wide issues like joblessness,…

Q: A valid criticism of income level or GDP as an indicator of development is that it does not take the…

A: Below is the formula to compute GDP: GDP = C + I + G+ (X-M)C = Consumption I = InvestmentG =…

Q: In many developing nations, young women have lower enrollment rates in secondary school than do…

A: Human capital refers to the knowledge, skill and productivity of the labor force that can be obtain…

Q: Discuss three policies the government can implement in order to increase the growth factors in their…

A: Government policies to extend economic process are focused on trying to extend aggregate demand…

Q: Discuss whether there is a conflict between economic growth,price stability and full employment

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Why do you think it is difficult for high-income countries to achieve high growth rates?

A: In a macroeconomic sense, for a country to grow and become high income, there needs to be an…

Q: Nominal GDP of country B grows from $30 billion to $33 billion between 2020 and 2021. Between 2020…

A: An economic growth rate is the rate change in the worth of the merchandise as a whole and…