Country A produces GDP according to the following equation: GDP = 5√K. The country has a savings rate of 14.6% and 3.3% of capital depreciates every year. What is this country's steady state amount of GDP? Round your final answer to two decimal places.
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- 5√K. The country has a Country A produces GDP according to the following equation: GDP savings rate of 17.3% and 9.5% of capital depreciates every year. What is this country's steady state amount of GDP? Round your final answer to two decimal places. PWhy do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago?According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: The G D Ps are as follow: United states, 21.43; China, 14.24; Japan, 5.08; India, 3.87; Great Britain, 2.83; Russia, 1.70; Mexico, 1.27; Sweden, 0.53; Greece, 0.21; Haiti, 0.08. Instructions: Round your responses to the nearest whole number. Russia? _________% larger Germany? ________% larger
- According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: The G D Ps are as follow: United states, 21.43; China, 14.24; Japan, 5.08; Germany, 3.86; India, 3.87; Great Britain, 2.83; Russia, 1.70; Mexico, 1.27; Sweden, 0.53; Greece, 0.21; Haiti, 0.08. Instructions: Round your responses to the nearest whole number. Russia? ______ % larger Germany? ______ % largerCountry A produces GDP according to the following equation: GDP = 5VK. The country has a depreciation rate of 3.2%. What does this country's savings rate need to be in order to sustain a steady-state GDP of $148? Put your answer into percentage form (e.g. 30.57% not 0.3057) and then round to two decimal places. You do not need to include the % sign.which of the below statements about the U.S. GDP do you think is INCORRECT? Group of answer choices India has a GDP that is many times the size of the GDP of Israel. Yet, of the two, Israel is considered to be the richer economy because it has a higher per capita income. GDP may give us a measure of economic prosperity, but it is at best an imperfect measure, since it does not indicate the level of happiness, leisure, literacy, life expentancy, environmental preservation, or other such factors that may improve the quality of human life. China achieved its rapid rate of GDP growth in the 21st century with little, if any, environmental depletion or pollution.
- According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: 21.43 14.34 5.08 United China Japan States b. Russia? % larger Copyright © McGraw Hill LLC. Permission required for reproduction or display. GROSS DOMESTIC PRODUCT (in U.S. $ trillion) % larger 3.86 2.87 2.83 1.70 1.27 Germany India Great Britain Russia Mexico Source: Gross Domestic Product 2020. The World Bank Group, March 2021 0.53 Sweden Instructions: Round your responses to the nearest whole number. a. Germany? 0.21 Greece 0.01 HaitiAs an economist with the World Bank you have been asked to measure the Gross Domestic Product for the US for 2019. You are told that the private consumption, gross domestic investment, government purchases and exports all add up to $ 24 trillion. You later learn that imports to the US in 2019 were $4 trillion. To get GDP, you should A. Ignore the $ 4 trillion because exports have already been included in the $ 24 trillion B. Add $ 4 trillion to $24 trillion because imports are used as inputs in the production of other goods in the US C. None of the above D. Subtract $4 trillion from $24 trillion because imports are not part of US domestic outputBy How Much Will U.S. GDP Grow Next Year?
- Why could calculating GDP each year using current prices overstate or understate changes in actual output year to year?The country described in the table below produces and consumes only three goods: T- shirts, shampoo, and bread. Assuming that 2018 is the base year, by what percentage did real GDP grow between 2018 and 2019? (If your answer is 23.23%, please write 23.23) T-shirts Shampoo Bread 2018 Quantity Unit 10 units 20 bottles 30 kilograms Typed nuleric answer will be automatically saved. Price Quantity 40 10 9 2019 Unit 20 units 10 bottles 25 kilograms Price 45 18 20 CConsider the table of GDP and population for several imaginary countries. GDP in millions of U.S. dollars 533.0 2275 Country Wrigleyville Longhornland Dinkytown $ 18.8 Using this information, please answer the questions. If there is not enough information to answer a question, please enter –11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. Population in millions GDP per capita in U.S. dollars 113.0 121 173.00 276800 1.600 B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place. Incorrect