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- Suppose a country a real GDP of $175. What will the size of the GDP be after 13 years if the economy grows by 2.6% each year? Round your answer to two digits after the decimal without the dollar sign.Why do you think most western countries GDP has not grown as fast as China's GDP over the last 10 years? If you were in charge of trying to make a country like Spain's economy grow faster what would you do?Country A produces GDP according to the following equation: GDP = 5√K. The country has a savings rate of 12.2% and 8.7% of capital depreciates every year. What is this country's steady state amount of GDP? Round your final answer to two decimal places.
- Suppose there are two countries, India and Bangladesh. In country India, Real GDP grows by 3 percent each year. In country Bangladesh, Real GDP is the same each year: If Real GDP was $1000 billion last year, it is $1000 billion in the current year, and it will be $1000 billion next year. In which of the two countries would you prefer to live, ceteris paribus? Why? Explain.Real GDP per capita increases by 9% in the first year and by 5% in the second. After 2 years, what is the total percent increase in real GDP per capita? Round to two decimal place and do not enter the % sign. If your answer is 6.145%, enter 6.15. If appropriate, remember to enter the negative sign. Hint: If it makes life easier, assume initial real GDP per capita is 100.China GDP growth slows to 27-year low China's economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. How does China's real GDP growth compare with that of the United States? If China's growth slows further, would that mean it was in a recession? China's real GDP growth is than that of the United States. If China's growth slows further, China O A. greater; will not be in a recession because real GDP growth although slowing is still positive O B. greater; will be in a recession because real GDP growth is slowing C. greater; will not be in a recession because China's real GDP growth is greater than U.S. real GDP growth and we know that the United States is not in a recession O D. smaller; may or may not be in a recession. It depends on the relationship between real GDP and potential GDP Click to select your answer. MacBook Ar DD F10 00 F9 F8 80 F7 F6 F5 F4 F3 esc F2 F1…
- Calculate approximately how many years it will take per capita GDP in the United States, Mexico, China, Rwanda, and Haiti to double, assuming that each country continues to grow at the same average rate as between 1960 an 2010. (Hint: Use the Rule of 70.) (Round your responses to one decimal place. Enter "−1" if a country will never double its GDP.) Implied (Average) Annual Growth (%) Years to Double United States 2.00 ? Mexico 1.79 ? China 4.72 ? Rwanda 0.60 ? Haiti −0.14 ? If the United States, Mexico, China, Rwanda, and Haiti continue to grow at the rates given in the exhibit, how many years (starting from 2010)would it take each to catch up to the United States in terms of per capita GDP? (Hint: If a country's GDP per capita is growing at a constant rate, g, then the natural log of GDP per capita t years into the future is: ln y(t) = ln y(0) + gt, where y(0) is GDP per…Only typed answer Suppose a country's real GDP doubles in approximately 55 years. What was its constant annual growth rate? Leave 2 decimal places in your answer.An emerging country has a real GDP of $1446.7 billion. After one year, real GDP has grown to $1534 billion. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number. growth rate:
- An economy starts off with a per capita GDP of $4100. How large will per capita GDP be if it grows at an annual rate of 3.4% for 30 years. (Please round your answer to use 2 decimal places.)For 1950, real GDP per capita (in 2013 dollars) was___usd?If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual growth is 2 percent? Instructions: Enter your answer as a whole number. years