Real GDP per capita means real GDP divided by the total population of an economy
If there is increase in real GDP or decrease in the population then it will lead to increase in the real GDP per capita over centuries
In option A it is given that the fraction of population working but it will increase the population so it will decrease the real GDP per capita
Labour productivity is the ratio of output by the given inputs in terms of labour
If labour productivity increases then it means it will also lead to increase in the output and real GDP per capita as well
So the correct answer is labour productivity
Which is more likely to lead to increases in real GDP per capita over centuries? o...
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate - Inflation rate - Population growth rateThis equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation rate - Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
1) A good measure of the standard of living is A) real GDP per capita B) the real interest rate C) total nominal GDP D) total real GDP. E) nominal GDP per capita 2) If you invest $10,000 in a bond that earns 8% interest per year, how many years will it take to double your money? A) 1 year and 3 months B) 2 years and 6 months C) 5 years and 6 months D) 8 years E) 8...
When considering economic growth, many policy makers focus on real gross domestic product (GDP) per capita since it! takes into account the potentially distorting effects of capital flows. O population change. O pollution. O unemployment. Any large, sustainable increase in real GDP must be due to steadily increasing levels of research and development. labor productivity. birth rates. O levels of labor force participation.
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate-inflation rate-Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when caloulating this rate. However, the smplified equation is both easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The table below lists...
How does "increases in per capita GDP automatically lead to a higher standard of living for U.S. citizens."?
Question 36 Not yet andwered Points out of 3.00 Real GDP per Employment to population Average labor productivity capita 92008 Germany $13,993 $20,801 0330.49 Japan $13,163 $22,816 048 051 1979 1979 2008 1979 2008 Flag Consider the table above containing data for Germany and Japan on the real GDP per capita and the ratio of employment to population in 1979 and 2008. Using data from the table find the average labor productivity for each country in 1979 and in 2008...
What is most likely happening if a country s real GDP is rising, but its real GDP per capita is falling? -Its price level is growing faster than its output -Its output is growing faster than its price level -Its output is growing faster than its population-Its population is growing faster than its output
You should use real per-capita GDP instead of real GDP when: Question 4 options: Real GDP is very different between countries or over time. you want to measure changes or differences in the price level between countries or over time. population is very different between countries or over time. You want to measure changes (or differences) in the population between countries or over time.
Which of the following is most likely to lead to sustained long-run growth? O A. increases in labor productivity O B. exploitation of natural resources O c. transfer of workers from agricultural to industrial sectors OD. increases in the labor participation rate