What is the relationship between the growth rate of real GDP and the growth rate of real GDP per person

Q: Many of the brightest people from India emigrated from India. How would this effect growth in India?…

A: Economic migration refers to people moving from one country to another in order to take advantage of…

Q: Question: I need 2 examples explaining what is the difference between economic growth and economic…

A: The growth in the national output of a country is referred to as the economic growth. The…

Q: Suppose the following data for the Governments 2010 - 2019 state of economy 2019 2010 Population…

A: Population growth is defined as the enhancement  in the number of people in the population or…

Q: Explain how we measure the growth rate of an economy and the consequences of both too low and too…

A: Economic growth is characterised as the rise in the market value of products and services generated…

Q: What is the relationship between the supply of savings and the demand for capital investment for…

A: The economic science see the study of allocation of scarce resources within the most optimum method,…

Q: Why do we measure economic growth using Real GDP rather than Nominal GDP

A: Real GDP, It is  the total value of goods and services produced Within a political boundary of a…

Q: Why do poor countries often exhibit much stronger growth rates than rich countries ?

A: Poor countries are those which have low GDP, which have recently become independent. There are…

Q: What is one real world examples of how the following can facilitate economic growth in a country:…

A: Answer - Real world example of the following can facilitate economic growth in a country: 1.The…

Q: If real GDP was $9,950 billion in Year 2008 and $10,270 billion in Year 2009. What was the rate of…

A: Growth means an increase in real GDP in such a manner that productivity increases and it causes an…

Q: What are three generators of economic growth?  List and explain them.  What are three determinants…

A: Economic-growth indicates the increase in the economic-activity undertaken by one economy. This is…

Q: Briefly differentiate between nominal and real GDP. Why is real GDP more relevant measure of…

A: The given question has been solved below.

Q: Text:Using the labor market, the production function Real GDP = T (L, K), and the LRAS curve,…

A: In macroeconomics, economic fluctuations are generally studied using the concepts of aggregate…

Q: What is the growth rate of output per person in this economy?

A: To find the growth rate of output per person, we need to first find the growth rate of output and…

Q: What is the economic growth rate? How is it calculated?

A: Since you have asked for multiple questions, we have answered the first one for you. If you want the…

Q: Shows how the graph will look for the positive relation between growth rate and standard of living…

A: When a country grows and started producing more output the standard of living for the people's also…

Q: What does the level of a nation's GDP measure?What does the growth rate of GDP measure?Would you…

A: As per national income accounting, the income earned by an economy during a period can be gauged by…

Q: List the positive correlation of remittances to the economic growth. Explain why and how remittances…

A: The domestic citizens who work in the foreign country sends  a part of their salary to the relatives…

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: Is it a good idea to maximize economic growth by producing and consuming more and more economic…

A: Economic decisions depends on factors of supply and demand of goods and services.

Q: What is relationship between corruption in a country and economic growth?

A: Corruption:- Corruption can be explained as the misappropriation of influence or authority through…

Q: How are businesses affected by economic growth and what can governments do to create a stable rate…

A: Economic stability: Economic stability empowers other large-scale financial goals to be…

Q: What are the three main sources for economic growth in any economy?

A: Economic growth is an increase in aggregate production in the economy. It is measured by computing…

Q: Calculate GDP growth rate

A: GDP: The Economic growth of a country is measured in GDP terms where GDP is the measurement of the…

Q: growth in real GDP is not always seen as economic growth. why?

A: GDP or Gross Domestic Product refers to final market values of all goods and services produced in a…

Q: What are the two major determinants of the overall growth of the economy according to the view of…

A: -Economic growth is the increment in the market worth of the labor and products that an economy…

Q: What factors contribute the most to economic growth?

A: To manufacture goods and services, you'll need resources. However, in terms of the demands and…

Q: Which country looks like it's experiencing exponential growth?

A: explanation: А  соuntry  exрerienсing  exроnentiаl  grоwth  is  ;    А  соuntry  with  а  higher…

Q: How do interest rates affect economic growth? Which federal agency influences interest rates?

A: GDP: Gross domestic product or what is commonly known as GDP is the term used to measure the…

Q: In 2015, the GDP of US was $2100. Suppose that US has a growth rate of 2.3%. a. What is US GDP after…

A: Given data: In 2015 GDP=$2100 Growth rate, r=2.3%

Q: Why is economic growth important? Why could the difference between a 2.5% and a 3% annual growth…

A: Economic growth means an improvement in the output of market products and facilities from one period…

Q: What is the main indicator of economic growth?

A: Economic growth is a rise in income(I), per capita income(PCI) and production(P) of the country.…

Q: Why might it be necessary to reduce consumer spending in order to attain faster economic growth?…

A: Sustainable economic growth implies a rate of growth that, particularly for future generations, can…

Q: Explain what policies can a government undertake to achieve faster economic growth?

A: In an economy, faster economic growth can be achieved to improve the overall efficiency of markets…