When looking at the US our GDP Per Capita is $51,000 and China is $3,750. What...
When looking at the US our GDP Per Capita is $51,000 and China is $3,750. What does this mean about each of the economies and how do you think the US can make that number higher?
Homework Answers
GDP per capita of United States is for higher than that of China and this can actually tell us that United States is a developed country than that of China in terms of many of the resources where people live lavish life when compared to that of China and the poverty rate is also fine in China but it has to be observed that the population level in China is almost five times that of United States where the GDP wouldn't have that much difference and United States still have the chance to make it higher by coming up with new innovations and competing with countries like China and Japan and making a way ahead of them
Add Answer to:
When looking at the US our GDP Per Capita is $51,000 and China
is $3,750. What...
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?
Real GDP per Capita in the US is currently $56,000 and grows at approximately 1.5% each...
Real GDP per Capita in the US is currently $56,000 and grows at approximately 1.5% each year. Real GDP per Capita in China is currently $8,000 and grows at approximately 6.5% each year. If these growth rates continue, Real GDP per Capita for each country will be equal in how many years? (round to the nearest integer)
Solve for part B please. A) Real GDP per Capita in the US is currently $56,000...
Solve for part B please. A) Real GDP per Capita in the US is currently $56,000 and grows at approximately 1.5% each year. Real GDP per Capita in China is currently $8,000 and grows at approximately 6.5% each year. If these growth rates continue, Real GDP per Capita for each country will be equal in how many years? Answer: 41 B) Refer to the previous problem where Real GDP per Capita for Nigeria fell between 2016 & 2017. During this...
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
Suppose U.S. real GDP per capita will be growing at 2% each year, and China will...
Suppose U.S. real GDP per capita will be growing at 2% each year, and China will be growing at 5.5%. How many years does it take for the living standard of China relative to U.S. to double?
Suppose that when converting to the same currency values, the nominal GDP per capita in the...
Suppose that when converting to the same currency values, the nominal GDP per capita in the fictional country of Islandia is 25 percent higher than the nominal GDP per capita in the fictional country of Mountainia. However, the purchasing power for the same amount of Islandia currency is about 40 percent lower in Islandia than in Mountainia. If we use Islandia as the base country for comparison, the PPP-adjusted GDP per capita in Mountainia i(Click to select) ts nominal GDP....
1st attempt Feedback See Hint Real per capita GDP in China in 1961 was about $500,...
1st attempt Feedback See Hint Real per capita GDP in China in 1961 was about $500, but it doubled to about $1000.00 by 1980. a. What was the average annual economic growth rate in China over the 19.00 years from 1961 to 1980? (NOTE: Round this to two places past the decimal point.) * 5.88 b. Per capita real GDP doubled in China again in only seven years, reaching $2000.00 by 1987.00. What was the average annual economic growth rate...
What is Germanys GDP? Has Germanys GDP grown or declined over the five years? What is the GDP/Capita of Germany? Has this grown or declined over the past five years (line graph)? Compare GDP/GDP growth rate/GDP per capita of Germany with that of the U
What is Germanys GDP?Has Germanys GDP grown or declined over the five years?What is the GDP/Capita of Germany?Has this grown or declined over the past five years (line graph)?Compare GDP/GDP growth rate/GDP per capita of Germany with that of the US?What conclusion can you draw from this observation?
2)GDP per capita: a)is an average income per person in an economy. b)tells us about how...
2)GDP per capita: a)is an average income per person in an economy. b)tells us about how the output is allocated in an economy. c)tells us about what you can buy with a given amount of money in that country. d)All of these statements are true. 10) Inventory is the stock of goods that a company: Multiple Choice a)produces now but has contractually already sold it. b)produces this year, but keeps to sell them next year. c)produced last year, but had...
Suppose that when converting to the same currency values, the nominal GDP per capita in the fictional country of Islandia is 25 percent higher than the nominal GDP per capita in the fictional country of Mountainia. However, the purchasing power for the same amount of Islandia currency is about 40 percent lower in Islandia than in Mountainia. If we use Islandia as the base country for comparison, the PPP-adjusted GDP per capita in Mountainia i(Click to select) ts nominal GDP....
1st attempt Feedback See Hint Real per capita GDP in China in 1961 was about $500, but it doubled to about $1000.00 by 1980. a. What was the average annual economic growth rate in China over the 19.00 years from 1961 to 1980? (NOTE: Round this to two places past the decimal point.) * 5.88 b. Per capita real GDP doubled in China again in only seven years, reaching $2000.00 by 1987.00. What was the average annual economic growth rate...
Most questions answered within 3 hours.
-
1. What is the present value of $400, three years in the future
if the interest...
asked 28 minutes ago -
The labor force minus the number of employed equals the number
of unemployed.
a. True
b....
asked 2 hours ago -
Determine the mass in units of grams [g] of 0.49 moles [mol]
of a new fictitious...
asked 2 hours ago -
A horizontal mass of M=5kg is on a spring and stretched to
x=0.5m when released from...
asked 4 hours ago -
26 of 50
"I have worked at the Arizona Humane Society for ten years, and
have...
asked 4 hours ago -
Compare and contrast zero based budgeting and incremental (or
base year) budgeting.
asked 4 hours ago -
4 pts 10. Which of the following hypothesis would be MOST
difficult to test experimentally? Group...
asked 4 hours ago -
A business owner makes 1,000 items a day. Each day he or she
contributes eight hours...
asked 4 hours ago -
A
circular loop in the plane of a paper lies inca0.65 T magnetic
field pointing into...
asked 4 hours ago -
A business owner is trying to decide whether to buy, rent, or
lease office space and...
asked 4 hours ago -
Thermal Storage Solar heating of a house is much more efficient
if there is a way...
asked 5 hours ago -
Considering the “fits” for group and job design dimensions,
suppose you had 12 employees with different...
asked 5 hours ago