EBK ECONOMICS: PRINCIPLES AND POLICY
EBK ECONOMICS: PRINCIPLES AND POLICY
13th Edition
ISBN: 9781305465626
Author: Blinder
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 23, Problem 4TY
To determine

The potential GDP in Country A and Country B.

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Calculate real growth per capita in the following countries: Instructions: Enter your responses rounded to one decimal place. If you are entering a negative number, be sure to include a negative sign (-) in front of the number. a. Democratic Republic of Congo: population growth=2.6 percent; real output growth = -1.4 percent. Real growth per capita:% b. Estonia: population growth=-0.3 percent; real output growth 4.3 percent. Real growth per capita: % c. India: population growth = 2.1 percent; real output growth 6.2 percent. Real growth per capita: % d. United States: population growth = 0.4 percent; real output growth 2.6 percent. Real growth per capita: %
List the factors that account for increases or decreases in productivity growth rates.
Identify one developed and one developing country.  Research their recent economic growth rates. Analyze differences in the countries that would help lead to different rates of economic growth.  In your response, be sure to avoid analyzing short-run factors of economic performance and focus on the factors that affect long-run economic growth.
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