Which of the following would lead to an increase in real GDP per capita all other things equal? * a decrease in population an increase in population an increase in prices
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: 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: Indicate which economy satisfies each of the following statements. Statement Austria Botswana…
A: Real income is the income of individuals after adjusting the rate of inflation. It is estimated by…
Q: In 1980 Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million.…
A: Before we solve the above problem, let us first understand some key concepts: While GDP measures…
Q: if A's GDP is higher than country's B GDP, does it follow that country A has a higher per capita GDP…
A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…
Q: In 1989, America's GDP per capita was approximately 30,000 (measured in today's dollars). How much…
A: In 1989, America's GDP per capita was approximately $30,000. In 2015, America's GDP per capita is…
Q: In 2000 GDP per capita was 18.3, capital/output was 3.3, human capital was 4.8. In 2010 GDP per…
A: The relationship between production output and production inputs is represented by a Cobb-Douglas…
Q: The table shows real GDP per capita (RGDPPC) for the fictitious country of Amerucana for a…
A: The growth rate of RGDPPC from 2011 to 2012 can be calculated as follows.
Q: dollars
A: The catch up growth is also known as theory of convergence . According to this theory , the poor or…
Q: Discuss whether GDP per capita is the most appropriate measure of economic success
A: GDP: The money value or monetary value of all finished commodities produced in the domestic…
Q: Which of the following two countries A and B ceteris paribus do you expect to have the higher…
A: A - Country A will have higher level of GDP growth because it features a higher GDP per capita
Q: the growth rate of potential GDP is not affected by a. the growth rate of nation's capital stock…
A: Potential GDP is the anticipated GDP that would be experienced if an economy is at full employment.…
Q: Effective usage of Natural Resources and Technological Change is required for any economic…
A: Economic development is described as the process in which economies having low income are…
Q: In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being…
A: GDP is the money value of all final goods and services produced in an economy during a specific…
Q: In the countries of South Asia in 1992, only 56 young women were enrolled in secondary school for…
A: The opportunities for education is an important factor which leads to economic growth in the…
Q: Discuss the merits and demerits of real GDP per capita a measure of a country’s living standard
A: The average national income per person that adjustable for inflation is referred to as real GDP per…
Q: An increase in the amount of human capital in the economy will ["decrease",…
A: Human capital refers to the cumulative knowledge, methods, skills, experience, personality…
Q: In 2001, the GDP of China was $6000. Suppose that China has a growth rate of 6.2%. a. What is…
A: The GDP in 2001 was $6,000. Growth rate = 6.2% The future value of GDP can be calculated as: Future…
Q: It is not possible for a country to experience A. economic growth and economic development…
A: Answer. Option- d Economic development without economic growth is correct. Economic development is…
Q: should the GDP per capita in the united states be higher than Canada's
A: GDP of the country helps in the measurement of total goods and services produced by the…
Q: What creates or stimulates the rate of economic growth in the economy, in macroeconomics
A: In macroeconomics, the rate of economic growth comes from the demand side and supply side.…
Q: The International Property Right Index scores countries based on the legal and political environment…
A: Three countries with high scores as per the International Property Right Index (2019) are: (1)…
Q: Research the following National Development Indicators and explain briefly: Gross Domestic Product…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts…
Q: Texas 45,091 58.417 Colorado 47,335 59,057 Ohio 42,086 51.456 What is the difference in terms of…
A: The average annual growth rate (AAGR) is the common boom or lower withinside the cost of an funding…
Q: In 2000, a small nation has real GDP of $20,000 and a population of 150. By 2010, real GDP has grown…
A: Since you have posted multiple questions, as per guidelines we can solve only the first question per…
Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million.…
A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP…
Q: A nation's real GDP was $300 billion In Year 1 and $309 billion in Year 2. Its population was 120…
A: Real GDP measures the value of goods and services produced in an economy with prices constant. GDP…
Q: An economy starts off with a GDP per capita of 12,000 euros. How large will the GDP per capita be if…
A: Per Capita when the economy grows at an annual rate of 3% for 10 years…
Q: True or False: Countries that currently have low real GDPs per capita are destined to always have…
A: A lower real GDP population has a lot to do because there is a potential to expand faster than…
Q: 2001, a country had a real GDP of $30,000,000 and in 2002, real GDP was $40,000,000. What was the…
A: The real GDP is the inflation adjusted level of GDP in the economy. The GDP is the summated money…
Q: (a) Total output per hour in each year (b) Growth rate in output per hour in each year (c)…
A: Productivity of labor is the output produced by labor in given period of time. Productivity can be…
Q: A small county wants to increase its real GDP from $18,000 to $36,000. If they want this to happen…
A: If annual average growth rate is g, then Initial GDP x (1 + g)N = New GDP
Q: With three economies, each of which has a GDP per capita of $100. Trend growth in these economies is…
A: GDP per capita is measured as the ratio of total gdp and population . it shows how a person earn…
Q: hich statement is NOT true? a. Government expenditure has direct control of a country's economic…
A: Government expenditure is aimed at stabilizing economy and reducing income inequalities. Government…
Q: What can you say about Turkey in the average GDP growth for the next 3 years (2021-2023)?
A: Because of the impact of covid-19 pandemic,Turkey is expected to see decline in GDP in the next 3…
Q: A rise in the GDP per capita over time most likely to indicate Select one: O a. that the national…
A: GDP is defined as the total production of all goods and services within territory of the country in…
Q: Identify whether each factor is more likely to be associated with a rich country (high real GDP per…
A: Since rich countries (high real GDP per capita) have better education and health infrastructure and…
Q: lent in the appropriate category. euch state GDP grows faster GDP grows slower when rule of law is…
A: The movement of GDP, a measurement of economic growth, depends upon the economic factors and…
Q: Suppose country A has a GDP of 4000 with a population size of 200; country B has GDP of 9000 with a…
A: Here we calculate the which country is more likely have better living standard by calculating the…
Q: Consider two countries. Country A has a population of 1,000, of whom 800 work 8 hours a day to make…
A: Let us consider both the countries one by one. Country A :- Population = 1000 Number of workers =…
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: If a nation's real GDP is growing by 6 percent per year, its real GDP will double in approximately…
A: We shall use the concept called as Rule of 70. To estimate a the time it would take for the nation's…
Q: Which of the following would not necessarily lead to long-term economic growth
A: A rise in the output of goods and services in an economy is referred to as economic development.…
Q: We measure standards of living using GDP per capita. Using the production function, which of the…
A: Total production function shows the how each inputs determine the total output For example,…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. Why have some countries reduced the gap between their incomes andthat of the United States and other countries failed to do so?You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…
- The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries failed to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?The following table shows the GDP per capita of various countries forthe years 1960 and 2010 in PPP-adjusted 2005 dollars. The table alsocontains the implied growth rates, which show how much on average eachcountry needed to grow each year to reach the 2010 level of GDP per capitastarting from the 1960 level of GDP per capita. Use the table to answer thefollowing questions. 1. During 1960-2010, which countries were able to reduce the gap betweentheir GDP per capita and the U.S. GDP per capita?A country’s per-capita nominal GDP is growing at 5%, its price level is growingat 3% and its population is growing at 1%. How fast is its aggregate real GDPgrowing?(a) 2%(b) 3%(c) 4%(d) 5%
- Calculate private investment per capita for each year from 2003-2020. What are the per capita growth rates in private investment for the periods 2003-2008 and 2008-2013? And briefly, state what this change in the growth ofprivate investment tell us in terms of aggregate expenditure?Consider the following data for a particular country. Year 1 Population (Millions) - 400 Real GDP (Trillions of $) - 16 Year 2 Population ( MIllinois ) - 480 Real GDO ( Trillions of $ ) - 24 Instructions: Enter your answers as a whole number. a. What is the growth rate of real GDP from year 1 to year 2 -blank percent b. What is the growth rate of real GDP per capita from year 1 to year 2 -blank percent Note: Donot given direct answerConsider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…
- It is arguable that the construction and housing industries are ideal to play the role of engines forgrowth in developing countries. Using available secondary data and information discuss thispoint of view. At a minimum, your paper should address the following:A. Ways by which we measure economic performanceB. How the housing and construction industries contribute to economic performanceC. Cycles/patterns of activities in both industries and GDPD. Significance of the multiplier effectYou may use examples or data from Trinidad that is a developing country to support your arguments. Answer in essay formatTheeconomyofGhana ismadeupofthreesectorsnamelyAgriculture,Industryand Se rvice s. The se thre e sectors contribute to the national output. For de cade s prior to the 2000s, the Agricultural sector contributed the most to the national output. Sadly, in recent years however, the sector has been the least contributor to national output. Trends in production of major food crops such as maize, rice and sorghum show that on-farm productivity has stagnated and the exploitable difference between the actual and the potential output of most ofthe crops (yield gap) has widened. Low and inadequate levelsofusageofproductivityenhancingtechnologiessuchasqualityseeds of improved varieties and fertilizer, thin extension services and weak market linkages contributes to the poor agricultural performance. It was against this background that theNPP-led government implemented one of her flagship programmes “Planting for Food and Jobs”. The programme is primarily aimed at making subsidized improved seeds and…a. What do you understand by Real GDP? What is the Real GDP Growth Rate of India andChina in 2019? What is the estimated real GDP growth rate of India and China in 2020?What is the projected real GDP growth rate of India and China in 2021 and 2022? b. What is the estimated 2022 GDP Loss (in percentage) in comparison to pre-covid levels(January 2020 forecast) in China and Other Emerging Economies in Asia other thanChina