Answer - Option C
0.2
This is because , if GDP becomes 2 times in every 10 year , every year (rate) will be 2/10 which will be 0.2.
Please show me the reason. If the US GDP doubles every 10 years, then the growth...
Problem 3: Write each production function given below in terms of output per person y = Y/L and capital per person k = k/L. Plot these per person versions in a graph with y on the vertical axis and k on the horizontal axis. (You can assume Āis a constant positive number). (a) Y = ĀK/L2/3 and Y = ĀK3/4z"/4 (plot them on the same graph). (b) Y = K. (c) Y = (d) Y = K - AL Problem...
(1 point) A population doubles every 17 years. Assuming exponential growth find the following: (a) The annual growth rate is * %. help (numbers) (b) The continuous growth rate is ! % per year. help (numbers)
If a colony of bacteria doubles in size every 10 days, what is the approximate growth rate per day?
Explain to me how to calculate average annual growth rate please? In 1960Q3, real GDP per capita was $17,223. In 2017Q3, real GDP was per capita $52,605. What was the average annual growth rate over this period? A 1.93% B 3.6% C 5.3% D 1.97%
uestions 6 to 10 Actual GDP ($ Billions) Actual GDP growth rate (%) Real GDP ($Billions) Real GDP growth rate (%) GDP Price Deflator Rate of inflation (%) 820 D-? 830 102.0 800 2.5% 2.0% E-? 810 C-? 6. The GDP deflator in cell A (1 decimal; no rounding) is a) 97.6 b) 98.7 c) 100.0 d) 101.2 7. Real GDP in cell B (1st decimal; no rounding) is a) 800 b) 810 c) 820 d) 830 8 The rate...
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...
Please solve for Growth rate of real GDP and show work Given below are data on real GDP and potential GDP for the nation of Anaziland for the years 2009–2013, in billions of 2009 currency. For each year, calculate the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansionary gap. Also calculate the year-to-year growth rates of real GDP. Instructions: Enter your response as a percentage rounded two decimal...
The rule of 70 can be stated as follows: A variable with a growth rate of X percent per year a. doubles every 70/X years. b. doubles every 70(1 - 1/X) years. c. doubles every 70/X2 years. d. doubles every 70/(1 - X) years.
Multiple Choice Questions (10%) 1. Which country has experienced the highest GDP growth in recent years? A. China B. USA C. Russia D. Greece 2. Which country has the largest total annual real GDP? A. China B. USA C. Japan D. Germany What is the partial derivative of f(x.y)- Zx'y with respect to x? A. Zero B. Cannot be calculated analytically C. aže'y 3. 4. The relationship between the level of growth of an economic variable, g and its level,...
Please answer the following questions. SHOW YOUR WORK (Show any calculations or derivations that allow you to find the right answer). 1. How large will Canada's GDP be in 25 years? The answer depends on what the rate of growth in GDP will be over the 25-year period. A mathematical formula we can use for this calculation is the following GDP2044 = GDP2019(1 + g)25 Where GDP2044 is the level of GDP in the year 2044, GDP2019 is the level...