What will happen to the annual rate of growth of per capita real Gross Domestic Product​ (GDP) if the annual rate of population growth increases and the annual rate of growth of real GDP goes​ down?

Q: From 2015 to 2018, the following statistics apply to Country A and Country B is depicted in the…

A: Nominal GDP includes both the growth and prices. Real GDP shows only the growth in the economy. Real…

Q: GDP of $1,000 in 1965. By 2015, per capita GDP would have been ________ in Mexico and ________ in…

A: To find the future value of any growing entity with a constant rate we use compounding formula -…

Q: What are the meanings of ‘Economic growth’ and ‘Economic development’? What ‘Economic development’…

A: Economic growth, defined as an increase in people's real income, indicates that the ratio between…

Q: Examine the relationship between the two countries base on the graph and table provided. And list…

A: We summarized that from the above data , GDP of Norway increases in a consistent way, yet it…

Q: International data show a positive correlation between political stability and economic growth.…

A: Political instability refers to the uncertainty that is associated with government collapse due to…

Q: per capita is à function of three components: human capital per worker, physical capital per worker,…

A: GDP per capita: Gross domestic product per capita is the measure of a country that breaks down a…

Q: Babylonia and Yuan had the same GDP of 20 billion dollars in 1950. Babylonia grew at 7% each year…

A: There are two countries - Babylonia & Yuan  Babylonia grows at 7 % Yuan grows at 5%  Production…

Q: Level of GDP in year 0 equals 100. In the next four years rate of nominal annual GDP growth is…

A: Nominal GDP, year 1 = 100 x 1.07 = 107 Nominal GDP, year 2 = 107 x 1.07 = 114.49 Nominal GDP, year 3…

Q: The government can achieve permanent higher growth rates by having two determinants of growth. The…

A: There are two determinants that can achieve permanent and higher economic growth. Capital…

Q: In about twenty years, a country could approximately double its GDP if its sustaining an annual…

A: The answer is - 3.5%

Q: Assume that the growth rate of the capital stock in each period is determined by the level of output…

A: Given  Total population in economy is 80 millionProductivity = 0.0035 Growth rate of output = (New…

Q: what is differences in the types of incentives that economists propose for increasing economic…

A: Answer: Eсоnоmiс  develорment  inсentives  stаte  аnd  lосаl  gоvernment  effоrts  tо  enсоurаge…

Q: It is not possible for a country to experience A. economic growth and economic development…

A: Economic growth: When production rises during a country's economy is remarked as an economic…

Q: The fictitious country of World Campustan is expected to have an average annual growth rate of GDP…

A: (1) According to Rule 70: The number of years to double = (70 / Annual growth rate) Note: If the…

Q: Consider two developed and developing countries, the population growth rate of developed countries…

A: Given that; The population growth rate of developed countries is 2 % per year Saving rate = 30% The…

Q: Are rapid economic growth and more equitable distributions of income compatible or conflicting…

A: The reasonableness of the market system might assist with keeping the pay appropriation genuinely…

Q: Suppose a panel of economists predicts that a nation's real GDP per capita will double in…

A: The rule of 70 is commonly used to calculate how long it will take for an investment to double if…

Q: Most of less developed countries have achieved higher economic growth during the past ten years, but…

A: Underdeveloped countries are characterized by the low level of economic development and standard of…

Q: Which of the following is true of the growth in the U.S. economy from 1950 to 2007? Growth…

A: Countries who do higher investment in research and development are likely to have better standards…

Q: Assume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The…

A:

Q: Two countries start with the same real GDP per capita. Country A’s real GDP per capita is growing at…

A: Country B real GDP per capita same as country A-6.6% After 140 years,it would be 6.6*4=26.4

Q: Define the terms 'Population Growth'?

A: While studying economics, one will go through with various economic terms that itself defines the…

Q: is it true or false that the growth rate of the GDP per worker for an economy where the capital to…

A: The quantity of capital required to create one unit of output is referred to as the capital output…

Q: THREE reasons why some Government policy does NOT increase productivity and economic growth. Ensure…

A: Throughout history, every government has used some sort of industrial policy—public programs aimed…

Q: Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year…

A: Rule of 70: - it gives the number of years in which an amount of money gets doubled at a particular…

Q: Explain how each of the three conditions Smith describes would promote economic growth

A: Peace would promote economic growth as it is an indication of respect to property rights. Violence,…

Q: What other factors, aside from labor productivity and capital investment, can impact the economic…

A: Technology is widely acknowledged in economics as the primary engine of economic growth in…

Q: Consider two developed and developing countries, the population growth rate of developed countries…

A: The steady state level is determined at a point where the per capita variables do not change any…

Q: Mention two factors which cause the rapid growth in population in South Africa

A: South Africa is a nation of 60 million people (estimated). It is very interesting to know that its…

Q: How does labor and capital disaggregation affect less developed countries that want robust economic…

A: Asymmetric information is a basic friction in the labor market that causes mismatches and efficiency…

Q: Suppose that the average annual rate of population increase in Econland in recent years was about 2…

A: The population growth is having a positive impact on economic growth as in – more population means…

Q: Which of the following statements about economic growth is false Select one: O a. Economic growth…

A: Economic growth refers to the situation when an economy generated relatively more output than…

Q: Per capita income (or output) is the general measure used to compare the standard of living between…

A: If the country's population growth is higher than its economic growth, the per capita income will…

Q: Achieving higher gross domestic product (GDP) growth is the prime aim of every developing country.…

A: Yes. It is true that for any developing economy, GDP growth rate acts as an index for its…

Q: What do you understand the difference to be between economic growth and economic development?…

A: Economic Growth Economic Development (i) Economic Growth means an increasing in economic variable(…

Q: If a country has a per capita GDP of $4,200 and it grows at a 5% annual rate. How long will it take,…

A: The economies around the world tend to focus on their economic growth, and development. The nations…

Q: What measure of economic development that is used most often to classify nations as industrially…

A: Real per capita income is one of the major economic development that is used most often by the…

Q: In economics, we should know about the standard of living, the knowledge about Solow growth model…

A: Solow's growth model is designed to show how growth in the capital stock, growth in the labor force,…

Q: Consider three economies,each of which has GDP per capita of $100. Trend growth in these economies…

A: GDP per-capita of the country is $100. Trend growth of Economy 1 = 2%, 2.5% and 5% respectively…