Macroeconomics (6th Edition)
6th Edition
ISBN: 9780134106229
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Question
Chapter 11, Problem 11.1.6PA
Subpart (a):
To determine
The highest growth rate in a particular year and highest average growth for a particular period
Subpart (b):
To determine
The highest growth rate in a particular year and highest average growth for a particular period
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Students have asked these similar questions
The following table shows data for a hypothetical economy in 2017 and 2018.
Use the table to answer the questions that follow.
2017
2018
Population
800,000
808,000
Number of Hours Worked
2,000,000,000
2,000,000,000
Real GDP
$16,000,000,000
$16,644,800,000
Real GDP per Person
Labor Productivity
2. The growth rate of the population between 2017 and 2018 is ?
3.Calculate real GDP per person in 2017 and 2018 and enter the values in the previous table.
The growth rate of real GDP per person between 2017 and 2018 is ?
4.
Assuming that real GDP per person is a good measure of living standards, between 2017 and 2018, living standards for which of the following reasons?
a.Productivity growth outpaced population growth.
b.The number of hours worked remained the same.
c.Population growth outpaced productivity growth.
Explain the data below and
Grenada gdp per capita for 2020 was $9,680, a 10.5% decline from 2019.
Grenada gdp per capita for 2019 was $10,816, a 3.14% increase from 2018.
Grenada gdp per capita for 2018 was $10,486, a 3.29% increase from 2017.
Grenada gdp per capita for 2017 was $10,153, a 5.45% increase from 2016.
Go to a recent issue of The Economist magazine. In the back of each issue is a section called “economic indicators.” That section lists the most recent growth data for a substantial number of countries. Which countries around the world are growing most rapidly according to the most recent data? Which countries around the world are growing more slowly? Flip through the stories in The Economist to see if there is any explanation for the pattern that you observe. Write a brief essay on current general economic conditions around the world.
Chapter 11 Solutions
Macroeconomics (6th Edition)
Ch. 11 - Prob. 11.1.1RQCh. 11 - Prob. 11.1.2RQCh. 11 - Prob. 11.1.3PACh. 11 - Prob. 11.1.4PACh. 11 - Prob. 11.1.5PACh. 11 - Prob. 11.1.6PACh. 11 - Prob. 11.1.7PACh. 11 - Prob. 11.1.8PACh. 11 - Prob. 11.2.1RQCh. 11 - Prob. 11.2.2RQ
Ch. 11 - Prob. 11.2.3RQCh. 11 - Prob. 11.2.4RQCh. 11 - Prob. 11.2.5RQCh. 11 - Prob. 11.2.6PACh. 11 - Prob. 11.2.7PACh. 11 - Prob. 11.2.8PACh. 11 - Prob. 11.2.9PACh. 11 - Prob. 11.2.10PACh. 11 - Prob. 11.2.11PACh. 11 - Prob. 11.2.12PACh. 11 - Prob. 11.3.1RQCh. 11 - Prob. 11.3.2RQCh. 11 - Prob. 11.3.3PACh. 11 - Prob. 11.3.4PACh. 11 - Prob. 11.3.5PACh. 11 - Prob. 11.3.6PACh. 11 - Prob. 11.4.1RQCh. 11 - Prob. 11.4.2RQCh. 11 - Prob. 11.4.3RQCh. 11 - Prob. 11.4.4PACh. 11 - Prob. 11.4.5PACh. 11 - Prob. 11.4.6PACh. 11 - Prob. 11.4.7PACh. 11 - Prob. 11.4.8PACh. 11 - Prob. 11.4.9PACh. 11 - Prob. 11.4.10PACh. 11 - Prob. 11.4.11PACh. 11 - Prob. 11.4.12PACh. 11 - Prob. 11.5.1RQCh. 11 - Prob. 11.5.2RQCh. 11 - Prob. 11.5.3PACh. 11 - Prob. 11.5.4PACh. 11 - Prob. 11.5.5PACh. 11 - Prob. 11.5.6PACh. 11 - Prob. 11.5.7PACh. 11 - Prob. 11.5.8PACh. 11 - Prob. 11.1RDECh. 11 - Prob. 11.2RDECh. 11 - Prob. 11.3RDE
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