Australia's real GDP was SA1,730 billion in 2017 and SA1,782 billion in 2018
Macroeconomic
Australia's real GDP was SA1,730 billion in 2017 and SA1,782 billion in 2018. Australia's population was 24.6 million in 2017 and 25.0 million in 2018. Calculate
a. The growth rate of real GDP
b. The growth rate of real GDP per person.
c. The approximate number of years it will take for real GDP per person in Australia to double if the current real GDP growth rate and population growth rate are maintained.
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Australia's real GDP was SA1,730 billion in 2017 and SA1,782 billion in 2018
Australia's real GDP was $A1,637 in 2015 and $A1,677 in 2016. Australia's population was 23.9...
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Macroeconomic
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4) Calculating Real GDP Growth: Using the years 2017 and 2018 compute the real GDP growth rate for the year 2018 using the real GDP calculated above, (GDP ). YY1 Growth Year Nominal GDP GDP chain index (2012 = 100) Population 2007 1461 billion 2008 15145593 hillon 2009 5 14,620 billion 2010S15940 billion 2011 15.796.5 Billion 2012 Bilion 2013 STONI NI 2014 IS19 Non 2015 S 150 on 2016 S hillon 2017190 billion 2017 in From De Feeve Bank of...
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Macroeconomic
2. The IMF projects that China's real GDP per per- son will be 57,163 yuan in 2017 and 60,334 yuan in 2018 and that India's real GDP per person will be 98,028 rupees in 2017 and 104,191 rupees in 2018. By maintaining their current growth rates, which country will be first to double its standard of living and when will that happen?
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