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- Find- A) if the base year in the year 2012 , the real gdp for 2020 equals $ ______and the real GDP for 2021 equals $______ B) The annual growth rate of real GDP in 2021 is _______ % Please find bothIn a small economy the real GDP in year 1 is $ 5000 bn and in year 2 it is $ 5500 bn. What is the growth rate of real GDP in this economy from year 1 to 2? A. 0.1 % B. 9.09% C. 10% D. 50%18 If real GDP is 250 in Year 1 and 300 in Year 2, what is the growth rate of real GDP Group of answer choices 5% 20% 50% 16%
- Suppose Botswana’s nominal GDP increases from $200 billion in 1998 to $250 billion in 1999. a) Explain why these figures may present a misleading measure of economic growth. b) What alternative method would provide a more accurate measure of economic growth over time ?suppose for a country the nominal GDP growth rate is 6 percent,CPI increassed from 100 to 104,and the population growth rate is 1.2 %.what is the real GDP per capita growth rate a- 2 percent b 0.8 percent c-11.2 percent d-3.2 percentAssume that an economy currently has a nominal GDP of $500 billion. If the economy were to grow at 3%, calculate what nominal GDP will be in five years, ten years, twenty years, and forty years if it is able to sustainthat same growth rate each year.
- US real GDP 2021: $21.12T. US population: 330 million. China real GDP 2021 $12T. China population: 1.5 billion. (these figures are hypothetical). Assume the Chinese real GDP is growing at 7%/year. a. what will be the (approximate) Chinese real GDP in 2031? b. In what year will Chinese real GDP per capita equal (approximately) the 2021 US real GDP per capita?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?Calculate the growth rate of real GDP, population, and real per capita GDP from year 2 to year 4. The table shows real GDP and population, both in billions. Give answers to twodecimal places. Year 1 Year 2 Year 3 Year 4 Year 5Real GDP 6,500 6,750 7,110 7,260 7, 622Population 0.250 0.253 0.256 0.258 0.262
- Suppose an economy's real GDP is $ 30,000 in year 1 and $ 31,200 in year 2. Instructions: In part a enter your answer as a whole number, in part b round your answer to 2 decimal places. a. What is the growth rate of its real GDP? ( in percentage) Assume that population is 100 in year 1 and 102 in year 2. b. What is the growth rate of real GDP per capita? ( in percentage)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.In 2008, the GDP of France was $7900. Suppose that France has a growth rate of 2%. a. What is France's GDP after 2 years b. What is France's GDP after 6 years
