Homework Answers
growth rate of real GDP per person
=((8243.9/58.85)/(7992.2/58.61))-1
=2.7%
so 2.7 will be answer..
the above is answer..
Add Answer to:
IONI Dent (millions Slot people billions of 2005 fran itinutul BP391 1992 The table above gives...
G ov ernment Consumption Real GDP, Y (billions of 2005 dollars) Investment, I (billions of expenditure,...
G ov ernment Consumption Real GDP, Y (billions of 2005 dollars) Investment, I (billions of expenditure, G (billions of expenditure, C lions of (bil 2005 dollars) 2005 dollars) 2005 dollars) 20 25 30 35 10 14 18 tion. When real GDP is $15 billion, fims inventories experience an unplanned Real (bill 2005 The above table contains information about the nation of Syldavia There are no income taxes or imports in this nation. When real GDP is O A. decrease of...
2) Using the following information for the region of New England: Nominal GDP(millions) Real GDP(millions 2005...
2) Using the following information for the region of New England: Nominal GDP(millions) Real GDP(millions 2005 $'s) Population Year 491,139 623,792 13,642,253 1997 799,219 830,228 14,279,291 2007 1,021,856 883,228 14,810,068 2017 What is the average annual growth rate for New England’s economy for the time periods listed? What is the average annual inflation rate for New England for the time periods listed? To what extent are living standards likely changing in this economy? Support your claim using evidence from the...
Real wage rate Quantity of labor demanded (2005 dollars (millions of hours per hour) per month)...
Real wage rate Quantity of labor demanded (2005 dollars (millions of hours per hour) per month) 90 Quantity of labor supplied (millions of hours per month) 7.15 7.65 70 8.00 60 8.50 9.00 20 2) The table above gives the labor market for a small economy. A minimum wage law that sets the minimum wage at $8.50 per hour produces (1 points) A) equilibrium in the labor market. B) a labor surplus of 25 million hours. C) a labor shortage...
GDP deflator Year Nominal GDP Population Size ($ billions (millions 2008 3,275 310 2009 3,400 312...
GDP deflator Year Nominal GDP Population Size ($ billions (millions 2008 3,275 310 2009 3,400 312 2010 3,350 314 Table L: Economic Data for a Hypothetical Economy 104 107 109 119. Consider the economic data provided for a hypothetical economy in Table L above. What is the real GDP growth rate from 2008-09 for the economy depicted in Table L? (If necessary, at each stage of calculation, round to the nearest 1/100th (0.00).) A. -3.39% B. -3.28% C. -1.47% D....
we were como THAIGAL NOTEBOOKS AL GRAMING TRUM CHAPTER 4 MEASURING THE ECONOMY : UNEMPLOYMENT AND...
we were como THAIGAL NOTEBOOKS AL GRAMING TRUM CHAPTER 4 MEASURING THE ECONOMY : UNEMPLOYMENT AND INSLATION 161 Calculate real incaunes. - 2016: - 2017: 2015: - Calculate the percentage that real incomes rose. 2017 three countries tall with the same base year with figures converted to Canadian 2016 (LO3) The data for three dollars are shown in Table 4.12. TABLE 4.12 Population millions) Nominal GDP 15billions Price Index 2009 - 100 35 140 $ 715 2200 2875 Altria Bergan...
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below...
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below to obtain real-world information about GDP growth pattern from the Bureau of Economic Analysis to assess GDP current situation. Use your findings to answer the questions below. Go to www.bea.gov (Links to an external site.)Links to an external site.. Click on the National tab (on the top left-hand side). Click on Interactive Tables: GDP and the National Income and Product...
5. Assume the following data apply to a certain country Year CPL inflation 1746 182B 2005...
5. Assume the following data apply to a certain country Year CPL inflation 1746 182B 2005 2006 2007 2008 Refer to Table above. a. Estimate the inflation rate between 2005 and 2006 b. Estimate the CPI during 2007 6. In the table below are statistics showing the working age population, the labor force and total employment in year 1 and year 2. Make the computations necessary to complete the table. (Number of persons is in thousands.): Year 1 209,699 140,862...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
QUESTION 1 AlpenPleasure Co. produces 1000 boxes of chocolate. Each box sells for $30. AlpenPleasure pays...
QUESTION 1 AlpenPleasure Co. produces 1000 boxes of chocolate. Each box sells for $30. AlpenPleasure pays wages of $10,000 and buys $15,000 worth of cocoa beans and other ingredients needed to produce the chocolate. What is AlpenPleasure's contribution (value-added) to GDP? $5,000 $45,000 $15,000 $20,000 QUESTION 2 There is currently a lot of debate in the U.S. about raising the minimum wage. As a contribution to this debate, the Wall Street Journal recently reported the following numbers: In 1980, the...
G ov ernment Consumption Real GDP, Y (billions of 2005 dollars) Investment, I (billions of expenditure, G (billions of expenditure, C lions of (bil 2005 dollars) 2005 dollars) 2005 dollars) 20 25 30 35 10 14 18 tion. When real GDP is $15 billion, fims inventories experience an unplanned Real (bill 2005 The above table contains information about the nation of Syldavia There are no income taxes or imports in this nation. When real GDP is O A. decrease of...
Real wage rate Quantity of labor demanded (2005 dollars (millions of hours per hour) per month) 90 Quantity of labor supplied (millions of hours per month) 7.15 7.65 70 8.00 60 8.50 9.00 20 2) The table above gives the labor market for a small economy. A minimum wage law that sets the minimum wage at $8.50 per hour produces (1 points) A) equilibrium in the labor market. B) a labor surplus of 25 million hours. C) a labor shortage...
GDP deflator Year Nominal GDP Population Size ($ billions (millions 2008 3,275 310 2009 3,400 312 2010 3,350 314 Table L: Economic Data for a Hypothetical Economy 104 107 109 119. Consider the economic data provided for a hypothetical economy in Table L above. What is the real GDP growth rate from 2008-09 for the economy depicted in Table L? (If necessary, at each stage of calculation, round to the nearest 1/100th (0.00).) A. -3.39% B. -3.28% C. -1.47% D....
we were como THAIGAL NOTEBOOKS AL GRAMING TRUM CHAPTER 4 MEASURING THE ECONOMY : UNEMPLOYMENT AND INSLATION 161 Calculate real incaunes. - 2016: - 2017: 2015: - Calculate the percentage that real incomes rose. 2017 three countries tall with the same base year with figures converted to Canadian 2016 (LO3) The data for three dollars are shown in Table 4.12. TABLE 4.12 Population millions) Nominal GDP 15billions Price Index 2009 - 100 35 140 $ 715 2200 2875 Altria Bergan...
5. Assume the following data apply to a certain country Year CPL inflation 1746 182B 2005 2006 2007 2008 Refer to Table above. a. Estimate the inflation rate between 2005 and 2006 b. Estimate the CPI during 2007 6. In the table below are statistics showing the working age population, the labor force and total employment in year 1 and year 2. Make the computations necessary to complete the table. (Number of persons is in thousands.): Year 1 209,699 140,862...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Most questions answered within 3 hours.
-
Description: Merge two or more text files
provided by the user into a new text file...
asked 38 seconds ago -
1) A 2.00 kg ball of is placed on a spring with spring constant
? =...
asked 1 minute ago -
Calculate the force required to produce 15 N⋅m torque at an
angle of 30∘ from a...
asked 6 minutes ago -
1) Solid lead acetate is slowly added to 50.0 mL of a 0.0486 M
potassium hydroxide...
asked 2 minutes ago -
Self-awareness is one of the components of emotional
intelligence (EI).
True/False
asked 11 minutes ago -
Erosion costs. Fat Tire Bicycle Company currently sells 40,000
bicycles per year. The current bike is...
asked 16 minutes ago -
Homework #5 - Elevator Simulation - Doubly Linked List
The program needs to use a doubly...
asked 21 minutes ago -
Changes occur constantly in all aspects of life; the changing
perceptions of women you have explored...
asked 21 minutes ago -
Nicardipine HCl is administered in the short-term treatment of
hypertension by slow IV infusion as a...
asked 38 minutes ago -
An ant positioned on the very edge of a Beatles record that is
13.80 cm in...
asked 52 minutes ago -
Using MATLAB to plot the trajectory of a projectile:
Consider a cannon launching a cannonball at...
asked 58 minutes ago -
Explain, why even though there are thousands of types of natural
pollinator, honeybees are exceptionally important...
asked 1 hour ago