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- If the growth rate in an economy is 2%, its GDP will double in about: 48 years. 140 years. 70 years. 35 years.what is the growth rate between 146000 and 108000It 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?
- a given theorhetical country currently has a GDP of 50,000. The growth rate is projected to hit 7% annually through the next 15 years. What is the projected GDP in 15 yrs?The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real GDP in 5 years time if (1) growth is 3% per year, and (2) growth is 2% per year.A country had real GDP per person of 5800 in 2005 and has had average real GDP growth of 8.4% per year, over the next 15 years. What is real GDP at the end of that period? No ai pls
- In 2010 USA had 100 people and RGDP was $100. In 2011, USA had 102 people and RGDP was $103. What is the growth rate of RGDP Per person?Over the last 5 years, the population level of a certain area has gone from 200,000 to 250,000, and seems to follow a double exponential pattern. The physical characteristics of the area limit the total population it can accommodate to 400,000. Given this situation, if the same pattern of growth continues, what will be the population level in 5 years?Why does the growth rate of real GDP depend on the choice of the base year?
- CALCULATE: Calculate total labor force growth rate in 2022 compared to 2021?Use 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.In 1950 GDP in the United Kingdom (measured in year 2005 pounds) was £317 billion. In 2000 it was £1,108 billion. Calculate the growth rate of real GDP in the United Kingdom over this period. Now suppose that the United Kingdom grows at the same rate for the 50 years following 2000. What will the UK real GDP be in the year 2050?