Fill in the blanks in the table below. he blanks in the table below. Population growth...

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Fill in the blanks in the table below. he blanks in the table below. Population growth Inflation Real GDP growth per capita N

Does the rule of 70 predict greater increases in the amount of income for poorer countries when both rich and poor countries

When policy-makers discuss policies that encourage long-run growth in per capita real GDP, they often mention policies aimed

business economics

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Answer 1

Answer #1

(Question 1)

Real GDP growth = Nominal GDP growth - Inflation rate

Real GDP growth per capita = Real GDP growth - Population growth = Nominal GDP growth - Inflation rate - Population growth

(I) Svea

- 1% = 5% - 3% - Inflation rate

- 1% = 2% - Inflation rate

Inflation rate = 3%

(II) Bonifay

Real GDP growth per capita = 2% - 1% - 0%

Real GDP growth per capita = 1%

(III) Chaires

4% = Nominal GDP growth - 2% - 7%

4% = Nominal GDP growth - 9%

Nominal GDP growth = 13%

(IV) Drifton

Real GDP growth per capita = 5% - 0% - (- 1%)

Real GDP growth per capita = 5% + 1%

Real GDP growth per capita = 6%

(V) Estiffanulga

3% = 7% - 3%- Population growth

3% = 4% - Population growth

Population growth = 1%

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