EBK ECONOMICS TODAY
18th Edition
ISBN: 9780133920116
Author: Miller
Publisher: YUZU
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Chapter 9, Problem 10P
To determine
The growth rate of the economy during the year 2017.
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In 2021, a nation’s population was 10 million. Its nominal GDP was $40 billion, and its price index was 100. In 2022, its population had increased to 12 million, its nominal GDP had risen to $57.6 billion, and its price index had increased to 120. What was this nation’s economic growth rate during the year?
The table provides some data on real GDP and the population of Pacifica in 2018 and 2019.
What is the economic growth rate in Pacifica in 2019?
Real GDP
Population
(billions)
Year
(billions of dollars)
What is the growth rate of Pacifica's standard of living in 2019?
2018
140,000
350
>>> Answer to 1 decimal place.
2019
154,508
361
The economic growth rate in Pacifica in 2019 is
percent.
The growth rate of Pacifica's standard of living in 2019 is
percent.
Enter your answer in each of the answer boxes.
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The table provides some data on real GDP and the population of Eastiana in 2018 and 2019.
What is the economic growth rate in Eastiana in 2019?
Real GDP
Population
(billions)
Year
(trillons of yen)
What is the growth rate of Eastiana's standard of living in 2019?
2018
455,000
650
>>> Answer to 1 decimal place.
2019
496,860
676
The economic growth rate in Eastiana in 2019 is
percent.
The growth rate of Eastiana's standard of living in 2019 is
|percent.
Enter your answer in each of the answer boxes.
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