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?
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Suppose U.S. real GDP per capita will be growing at 2% each
year, and China will...
Suppose that real GDP per capita in the U.S. is $52,000.if the long-term growth rate of...
Suppose that real GDP per capita in the U.S. is $52,000.if the long-term growth rate of real GDP per capita is 3.0% per year, how many years for real GDP per capita to reach $104,000?
on 17 If an economy's GDP per capita was growing at 5% a year, how many...
on 17 If an economy's GDP per capita was growing at 5% a year, how many years will it take for the GDP per capita to double? er saved s out of 10 ag question Select one: a. 20 years Ob. 10 years O c. 7 years • d. 14 years Clear my choice
Country A starts with real GDP per capita equal to $ 40,000 and Country B starts with real GDP per capita equal to $ 2,000 .
Country A starts with real GDP per capita equal to $ 40,000 and Country B starts with real GDP per capita equal to $ 2,000 .Today the RGDP per capita in A is _______ times the value in B.Country A is growing at a rate of 3.5 % per year and Country B is growing at a rate of 7 % per year. Assume these growth rates do not change.Country A will double its RGDP per capita in _______ years...
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)
Suppose that in 1965 Japan had an initial per capita GDP of $12,000 per year and...
Suppose that in 1965 Japan had an initial per capita GDP of $12,000 per year and China had a per capita GDP of $5,000. But China is growing at 5 percent per year and Japan is growing at 3 percent per year. ________ would have been richer in 2015 with a per capita GDP of approximately ________. Japan; $5,000 Japan; $31,500 China; $7,500 China; $60,023 Not enough information is given. How to get the answer (2)?
Assume that a "leader country has real GDP per capita of $40,000, whereas a "follower country"...
Assume that a "leader country has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 7 percent in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country?...
Country A starts with real GDP per capita equal to $40,000 and Country B starts with...
Country A starts with real GDP per capita equal to $40,000 and Country B starts with real GDP per capita equal to $2,000. Today the RGDP per capita in A is ___ times the value in B. Country A is growing at a rate of 3.5% per year and Country B is growing at a rate of 7% per year. Assume these growth rates do not change. Country A will double its RGDP per capita in _____ years and country...
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...
The table below contains real GDP per capita for selected years in the U.S., in 2011...
The table below contains real GDP per capita for selected years in the U.S., in 2011 U.S. dollars, from the Maddison data base. The variable yt denotes real GDP per capita in period t. Year GDP pc 1800y1800, - 1,980 91929 = 10, 543 1930 |y1930-9,490 1931y19318,864 1932|| y1932 7,525 1933 -7,270 1945 y1945-15,992 1948 y1948 14,559 U2007 = 50, 902 V2008-50,276 V2009-48,453 312010 49, 267 V2016 - 53,015 1933 y 2008y Suppose the annual growth rate between 1800 and...
1) A good measure of the standard of living is A) real GDP per capita B)...
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...
on 17 If an economy's GDP per capita was growing at 5% a year, how many years will it take for the GDP per capita to double? er saved s out of 10 ag question Select one: a. 20 years Ob. 10 years O c. 7 years • d. 14 years Clear my choice
Assume that a "leader country has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 7 percent in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country?...
The table below contains real GDP per capita for selected years in the U.S., in 2011 U.S. dollars, from the Maddison data base. The variable yt denotes real GDP per capita in period t. Year GDP pc 1800y1800, - 1,980 91929 = 10, 543 1930 |y1930-9,490 1931y19318,864 1932|| y1932 7,525 1933 -7,270 1945 y1945-15,992 1948 y1948 14,559 U2007 = 50, 902 V2008-50,276 V2009-48,453 312010 49, 267 V2016 - 53,015 1933 y 2008y Suppose the annual growth rate between 1800 and...
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...
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