Real per-capita GDP is higher in the United States than in Mexico. Based on that information,...
Real per-capita GDP is higher in the United States than in Mexico. Based on that information, we can predict that the US has a higher rate of _______ and a lower rate of _______. Question 1 options: educational attainment; infant mortality cell-phone use; personal computer use educational attainment; doctors per-capita infant mortality; life expectancy internet users; automobile owners
Homework Answers
Answer
Real per-capita GDP is higher in the United States than in Mexico. Based on that information, we can predict that the US has a higher rate of life expectancy and a lower rate of infant mortality.
The higher the real per-capita GDP, the higher the rate of life expectancy. The higher the real per-capita GDP, the higher would be the proportion of GDP spend on health care, and higher would be the standard of living. With the improved standard of living, and health care, the infant mortality rate will also fall.
So, if the real per-capita GDP is higher in the United States than in Mexico, we can predict that the US has a higher rate of life expectancy, and a lower rate of infant mortality.
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Real per-capita GDP is higher in the United States than in
Mexico. Based on that information,...
In 2009 GDP per capita in the United States was $41,099, whereas GDP per capita in...
In 2009 GDP per capita in the United States was $41,099, whereas GDP per capita in Sri Lanka was $4,034. Suppose that income per capita in the United States has been growing at a constant rate of 1.8% per year. (Figure 1.4 shows that this is roughly true.) Calculate the year in which income per capita in the United States was equal to year 2009 income per capita in Sri Lanka. 6.
Question 3 3. As discussed in Chapter 10, real GDP per capita in the United States...
Question 3
3. As discussed in Chapter 10, real GDP per capita in the United States grew from about $6,000 in 1900 to $50,010 in 2014, which represents an average annual growth rate of 1.9%. If the US economy continues to grow at this rate, how many years will it take for real GDP per capita to double from the 2014 number? If the economic growth rate was 2.2 rather than the historic 1.99 how many years will it take...
The real GDP per capita in US is higher than almost all other countries in the...
The real GDP per capita in US is higher than almost all other countries in the world. What do you think may be some major reasons for the US GDP per capita to be higher?
GDP per capita in the United States was approximately $55,000 in 2015. Use the growth formula...
GDP per capita in the United States was approximately $55,000 in 2015. Use the growth formula to answer the following questions: a. What will it be in the year 2020 if GDP per capita grows each year by 0 percent? GDP in 2020: b. What will it be in the year 2020 if GDP per capita grows each year by 2 percent? GDP in 2020: Growth Formula: (future value)-(present value)1 rMt present value this year's GDP per capita future value...
GDP per capita in the United States was approximately $55,000 in 2015 Use the growth formula...
GDP per capita in the United States was approximately $55,000 in 2015 Use the growth formula to answer the following questions: a. What will it be in the year 2021 if GDP per capita grows each year by 1 percent? GDP in 2021: b. What will it be in the year 2021 if GDP per capita grows each year by 3 percent? GDP in 2021: Growth Formula: (future value) - (present value)*(1 + r)At present value this year's GDP per...
Based on information from the World Bank, in 2016, GDP per capita was $57,467 in the...
Based on information from the World Bank, in 2016, GDP per capita was $57,467 in the United States and $59,977 in Iceland – very similar values (and high values compared to many countries). But, the annual rate of GDP growth averages 0.9% in the United States and 6.1% in Iceland. Would you predict the United States or Iceland to have a more rapid increase in the standard of living in the long run? _________________ Discuss what evidence/theory from Chapter 11...
Question 22 (3 points) Annual real per capita gross domestic product (GDP) in the United States...
Question 22 (3 points) Annual real per capita gross domestic product (GDP) in the United States was roughly $44,000 in 2010. If it grew by 3 percent the following year, by 2011 the annual real per capita GDP would be $45,320. $42,718. $57,200. $33,846.
From 2009 to 2010, per capita real GDP in the United States grew by 1.8%. Given...
From 2009 to 2010, per capita real GDP in the United States grew by 1.8%. Given that prices increased by 1% and the population grew by 1%, we know that nominal GDP grew by A) 4.8% B) 1.8% C) 2.8% D) 3.8% E) 5.8%
Economic growth 4) Based on information from the World Bank, in 2016, GDP per capita was...
Economic growth 4) Based on information from the World Bank, in 2016, GDP per capita was $57,467 in the United States and $59,977 in Iceland-very similar values (and high values compared to many countries). But, the annual rate of GDP growth averages 0.9% in the United States and 6.1% in Iceland. Would you predict the United States or Iceland to have a more rapid increase in the standard of living in the long run? evidence/theory from Chapter 11 you are...
Assume that both Japan’s and the United States’ average annual per capita GDP growth rates are...
Assume that both Japan’s and the United States’ average annual per capita GDP growth rates are 2 percent per year, and both countries began with an initial per capita GDP of $1,000. However, the United States has been growing since 1910 and Japan only since 1960. In 2010, the United States would have been ________ than Japan. a. 2.69 times richer b. 4,555 times richer c. 0.37 times poorer d. 99 times richer e. 0.269 times poorer
In 2009 GDP per capita in the United States was $41,099, whereas GDP per capita in Sri Lanka was $4,034. Suppose that income per capita in the United States has been growing at a constant rate of 1.8% per year. (Figure 1.4 shows that this is roughly true.) Calculate the year in which income per capita in the United States was equal to year 2009 income per capita in Sri Lanka. 6.
Question 3
3. As discussed in Chapter 10, real GDP per capita in the United States grew from about $6,000 in 1900 to $50,010 in 2014, which represents an average annual growth rate of 1.9%. If the US economy continues to grow at this rate, how many years will it take for real GDP per capita to double from the 2014 number? If the economic growth rate was 2.2 rather than the historic 1.99 how many years will it take...
GDP per capita in the United States was approximately $55,000 in 2015. Use the growth formula to answer the following questions: a. What will it be in the year 2020 if GDP per capita grows each year by 0 percent? GDP in 2020: b. What will it be in the year 2020 if GDP per capita grows each year by 2 percent? GDP in 2020: Growth Formula: (future value)-(present value)1 rMt present value this year's GDP per capita future value...
GDP per capita in the United States was approximately $55,000 in 2015 Use the growth formula to answer the following questions: a. What will it be in the year 2021 if GDP per capita grows each year by 1 percent? GDP in 2021: b. What will it be in the year 2021 if GDP per capita grows each year by 3 percent? GDP in 2021: Growth Formula: (future value) - (present value)*(1 + r)At present value this year's GDP per...
Question 22 (3 points) Annual real per capita gross domestic product (GDP) in the United States was roughly $44,000 in 2010. If it grew by 3 percent the following year, by 2011 the annual real per capita GDP would be $45,320. $42,718. $57,200. $33,846.
Economic growth 4) Based on information from the World Bank, in 2016, GDP per capita was $57,467 in the United States and $59,977 in Iceland-very similar values (and high values compared to many countries). But, the annual rate of GDP growth averages 0.9% in the United States and 6.1% in Iceland. Would you predict the United States or Iceland to have a more rapid increase in the standard of living in the long run? evidence/theory from Chapter 11 you are...
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