Question

Calculate future GDP using the compound GDP growth rate Question Sam is interested in studying economic growth in her country

1 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

FV of Sam GDP after 3 year = GDP(1+r)n

Substitute given values,

GDP after 3 years = 75,025(1+0.01)3

GDP after 3 years = 77,298.3

Add a comment
Know the answer?
Add Answer to:
Calculate future GDP using the compound GDP growth rate Question Sam is interested in studying economic...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • knewton.com yestin hgrowth perore the industrian Revoltioity Which of the following applies to economic growth? 1....

    knewton.com yestin hgrowth perore the industrian Revoltioity Which of the following applies to economic growth? 1. Economic growth allows people to buy more goods and services. 2. Economic growth is the expansion of the economy's production possibilities. 3. Economic growth is represented by a movement from a point inside the production possibilities curve to a point on the curve. Select the correct answer below: O 1, 2, and 3 0 1 and 2 only 0 1 and 3 only O...

  • Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

    Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...

  •   1. When it comes to financial matters, the views of Aristotle can be stated as:...

      1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back.  2. Since 2008, when the monetary base was about $800 billion,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT