Instructions: In part a, enter your response rounded to one decimal place. In part b, enter...
Instructions: In part a, enter your response rounded to one decimal place. In part b, enter your response rounded to the nearest dollar.
a. Using data from 2015, how much more output does the $60 billion economy in Ethiopia produce when GDP increases by 2 percent?
$ billion
b. Using data from 2015, by how much does this increase per capita income if the population is 100 million?
$
Homework Answers
Ans. a) $1.2 Billion
b) $12
These answers are given assuming the GDP of Euthopia as $60 billion.
If the answers are required using the original data of 2015 , then you can comment. I'll edit the answer for you.
Best of Luck !! !!
Add Answer to:
Instructions: In part a, enter your response
rounded to one decimal place. In part b, enter...
GDP per capita (2015) in US dollars) 23.550 2360 1.500 1050 Instructions: Enter your responses rounded...
GDP per capita (2015) in US dollars) 23.550 2360 1.500 1050 Instructions: Enter your responses rounded to the nearest dollar a. If India's per capita GDP of roughly $1,600 were to DOUBLE every decade, what would India's per tapita GDP be in 50 years? b. What is U.S. per capita GDP in 2015 according to the World View above?
Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2016 using...
Instructions: Enter your
responses rounded to the nearest billion.
a. Calculate real GDP for 2016 using 2000 prices.
$ billion
b. By how much did real GDP increase between 2000 and 2016?
$ billion
c. By how much did nominal GDP increase between 2000 and
2016?
$ billion
Refer to the data below (all values are in billions): Year Nominal GDP GDP Deflator (in Billions of Dollars) (Price Index 2009 100) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009...
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Year 2000 GDP Deflator (Price Index, 2009 = 100) 81.9 83.8 85.0 2001 2002 2003 2004 2005 & 2007 Nominal GDP (in Billions of Dollars) 9,817 10.128 10.469 10,960 11,685 12,422 13,178 13,808 14,291 13,939 14,524 15,518 16,163 16,768 17,393 18,037 18,569 2008 2009 2010 2011 2012 2013 2014 2015 2016 100.0 101.2 103.3 105.2 106.7 108.8 110.0 111.4 Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2015 using 2007 prices. $0 billion b....
Instructions: Enter your answers as a whole number. a. How much does aggregate demand need to...
Instructions: Enter your answers as a whole
number.
a. How much does aggregate demand need to change to restore the
economy to its long-run equilibrium?
$ ___________ billion
b. If the MPC is 0.75, how much does government purchases need
to change to shift aggregate demand by the amount you found in part
a?
$ ___________ billion
Suppose instead that the MPC is 0.8.
c. How much does aggregate demand and government purchases need
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Imagine that Canada produces only three goods: apples, bananas, and carrots. The quantities produced and the prices of the three goods are listed below: Quantities produced 5 Goods Apples Bananas Carrots Prices ($) 2.00 1.00 10 20 1.50 Instructions: Round your answers to the nearest dollar. a. Canadian GDP is $ b. Suppose a drought hits the province of British Columbia. This drought causes the quantity of apples produced to fall to 2. Assuming that all prices...
answer choices are : decrease, not change, increase L e response rounded to decimal places.) What...
answer choices are : decrease, not change, increase
L e response rounded to decimal places.) What price do producers receive after paying the tax? $5 per pack (Enter your response rounded to two decimal places) How much tax revenue does the government collect? $ 27 billion dollars per year. (Enter your response rounded to two decimal places) If the tax were collected from the buyers of cigarettes, the graph would differ from the one shown here by perc ving Price...
Macroeconomics Chapter 8 Saved LO onts Refer to the "In the News" below: IN THE NEWS...
Macroeconomics Chapter 8
Saved LO onts Refer to the "In the News" below: IN THE NEWS SHARPEST ECONOMIC DECLINE IN 26 YEARS It's all bad news on the economic front. The government reported yesterday that the U.S economy suffered its biggest decline in 26 years in the last quarter of 2008. According to the Department of Commerce, gross domestic product (GDP) fel at an annual rate of 3.8 percent--the largest drop since the first quarter of 1982 Spending was down...
part 1 questions 1-3 Part 1 - Check Your Understanding- Answer the following questions using the...
part 1
questions 1-3
Part 1 - Check Your Understanding- Answer the following questions using the chart depicting room Gross Domestic Product (GDP) data for Canada, China and Chile. Canada China GDP growth rate 2015 0.9% 6.9% 2.3% 2016 1.5% 6.7% 1.6% 2017 3.0% 6.8% 1.4% GDP per capita (PPP) 2015 $47,100 $14,800 $24.400 2016 $47,200 $15,700 $24,500 $16.600 $24.600 rGDP 2015 $1.687 trillion R7 trillion $20.3 trillion $20 3 trillion $439 billion 2016 $1.712 trillion $21.66 trillion $446 billion...
I need help with c the rest are correct A What percentage of total output is...
I need help with c the rest are correct
A What percentage of total output is received by the richest 10
percent of households? 52
b. How much output did this share amount to in 2017, when
Namibia’s GDP was $15 billion?
7.8 billion
c. With a total population of 2.5 million, what was the implied
per capita income of
(i) The richest 10 percent of the
population?
(ii) The remaining 90 percent?
World View: Glaring Inequalities Inequality...
GDP per capita (2015) in US dollars) 23.550 2360 1.500 1050 Instructions: Enter your responses rounded to the nearest dollar a. If India's per capita GDP of roughly $1,600 were to DOUBLE every decade, what would India's per tapita GDP be in 50 years? b. What is U.S. per capita GDP in 2015 according to the World View above?
Instructions: Enter your
responses rounded to the nearest billion.
a. Calculate real GDP for 2016 using 2000 prices.
$ billion
b. By how much did real GDP increase between 2000 and 2016?
$ billion
c. By how much did nominal GDP increase between 2000 and
2016?
$ billion
Refer to the data below (all values are in billions): Year Nominal GDP GDP Deflator (in Billions of Dollars) (Price Index 2009 100) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009...
Connect Problem CP 22-5 (algo) Suppose that real output for a small developing country in year 1 is $4.2 billion and that population is 4.6 million. Instructions: In parts a and b, round your answers to the nearest dollar a. What is per capita GDP? b. If real output in year 5 increases to $4.4 billion and population increases to 4.9 million, what is the new per capita GDP? c. Has the average standard of living for this small developing...
Year 2000 GDP Deflator (Price Index, 2009 = 100) 81.9 83.8 85.0 2001 2002 2003 2004 2005 & 2007 Nominal GDP (in Billions of Dollars) 9,817 10.128 10.469 10,960 11,685 12,422 13,178 13,808 14,291 13,939 14,524 15,518 16,163 16,768 17,393 18,037 18,569 2008 2009 2010 2011 2012 2013 2014 2015 2016 100.0 101.2 103.3 105.2 106.7 108.8 110.0 111.4 Instructions: Enter your responses rounded to the nearest billion. a. Calculate real GDP for 2015 using 2007 prices. $0 billion b....
Instructions: Enter your answers as a whole
number.
a. How much does aggregate demand need to change to restore the
economy to its long-run equilibrium?
$ ___________ billion
b. If the MPC is 0.75, how much does government purchases need
to change to shift aggregate demand by the amount you found in part
a?
$ ___________ billion
Suppose instead that the MPC is 0.8.
c. How much does aggregate demand and government purchases need
to change to restore the economy...
Q1)
Q2)
Q3)
Imagine that Canada produces only three goods: apples, bananas, and carrots. The quantities produced and the prices of the three goods are listed below: Quantities produced 5 Goods Apples Bananas Carrots Prices ($) 2.00 1.00 10 20 1.50 Instructions: Round your answers to the nearest dollar. a. Canadian GDP is $ b. Suppose a drought hits the province of British Columbia. This drought causes the quantity of apples produced to fall to 2. Assuming that all prices...
answer choices are : decrease, not change, increase
L e response rounded to decimal places.) What price do producers receive after paying the tax? $5 per pack (Enter your response rounded to two decimal places) How much tax revenue does the government collect? $ 27 billion dollars per year. (Enter your response rounded to two decimal places) If the tax were collected from the buyers of cigarettes, the graph would differ from the one shown here by perc ving Price...
Macroeconomics Chapter 8
Saved LO onts Refer to the "In the News" below: IN THE NEWS SHARPEST ECONOMIC DECLINE IN 26 YEARS It's all bad news on the economic front. The government reported yesterday that the U.S economy suffered its biggest decline in 26 years in the last quarter of 2008. According to the Department of Commerce, gross domestic product (GDP) fel at an annual rate of 3.8 percent--the largest drop since the first quarter of 1982 Spending was down...
part 1
questions 1-3
Part 1 - Check Your Understanding- Answer the following questions using the chart depicting room Gross Domestic Product (GDP) data for Canada, China and Chile. Canada China GDP growth rate 2015 0.9% 6.9% 2.3% 2016 1.5% 6.7% 1.6% 2017 3.0% 6.8% 1.4% GDP per capita (PPP) 2015 $47,100 $14,800 $24.400 2016 $47,200 $15,700 $24,500 $16.600 $24.600 rGDP 2015 $1.687 trillion R7 trillion $20.3 trillion $20 3 trillion $439 billion 2016 $1.712 trillion $21.66 trillion $446 billion...
I need help with c the rest are correct
A What percentage of total output is received by the richest 10
percent of households? 52
b. How much output did this share amount to in 2017, when
Namibia’s GDP was $15 billion?
7.8 billion
c. With a total population of 2.5 million, what was the implied
per capita income of
(i) The richest 10 percent of the
population?
(ii) The remaining 90 percent?
World View: Glaring Inequalities Inequality...
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