Question

Problem2 Consider the following table displaying annual growth rates for nations A, B, and C, each of which entered 2015 with real per capita GDP equal to S18,000 (see pages 190-192.) Annual Growth Rate Country 2015 2016 2017 2018 956 3% 5% 8% 796 8% 10% 13% С 9%896 796 596 a. Which nation most likely experienced a sizable earthquake in late 2015 that destroyed a significant portion of its stock of capital goods, but was followed by speedy investments in rebuilding the nation's capital stock? b. (See Part A above.) What is this nation expected per capital real GDP at the end of 2018, rounded to the nearest dollar? c. Which nation most likely adopted policies in 2015 that encouraged a gradual shift in production from capital goods to consumption goods? d. Which nation most likely adopted policies in 2015 that encouraged a quick shift in production from consumption goods to capital goods?

Answer 1

answer:-

we have to answer the above questions with given annual growth rate of countries A,B,C between 2015 to 2018

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