if us GDP is 400 billion now, and it is growing at 3%, what year will us GDP reach 800 billion
As per the rule of 72 it will take 24 years for the GDP to double in the US if they are growing at a rate of 3%. 72 / 3 = 24 years.
if us GDP is 400 billion now, and it is growing at 3%, what year will...
): Suppose GDP is $1,000 billion, the national debt last year was $500 billion, the interest rate paid on government debt is 7%, and GDP is growing by 5% per year. a. If the goal of the government is to hold the debt-GDP ratio constant, what must be the size of the primary surplus and the size of total budget surplus? Explain your answer. b. Suppose the interest rate paid on government debt were to decrease to...
Suppose China’s GDP is growing by 7% a year and its population grows by 1% a year. Also suppose that US GDP grows by 3% a year and its population grows by 1% a year, and that in 2019 US GDP is 1.5 times China’s while US population is one quarter of China’s. If these growth rates continue By what year will China’s GDP double? Its population? Its per capita GDP? In what year will China’s GDP equal...
Suppose that actual real GDP in Merryland is $400 billion and its potential GDP is $465 billion. If the natural rate of unemployment is 3%, what is its present unemployment rate? Present unemployment rate is 7 %. Enter your response rounded to one decimal place .
Real vs. Nominal GDP Year Real GDP Nominal GDP GDP Deflator 1990 $1000 billion $950 billion 1995 $1200 billion $1200 billion 1998 $1500 billion 115 2000 $1750 billion 125 What is the base year? What is the value of the GDP Deflator in the base year? What is the value of the GDP Deflator in 1990? What is the value of Real GDP in 1998? What is the value of Nominal GDP in 2000?
What is Gross Domestic Product (GDP), and how is the USA GDP growing now and at what rate? What percentage is the healthcare of the GDP in the United States, and how does it compare with other developed countries and what are some possible explanations for the difference?
1) 2) The U.S. GDP in 2008 was $14,291.5 billion, and the previous year the GDP was $14, 028.7 billion. What was the rate of growth in GDP in 2008? O $283 billion 0 1.84% О 7.02% О 1.87% $14, 160.1 billion Use the table to answer the questions. Define productivity as GDP per worker, and please enter all answers as numerical values rounded to 3 decimal places, and not as percentages (e.g., 0.103 instead of 10.3%). GDP Population Workers...
If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the value of the GDP deflator for that year is: Select one: a. 100 b. 200 c. 240 d. 300 e. 333
Fill in the missing information: Year Nominal GDP Real GDP GDP Deflator 1 $8,000 billion $8,000 billion 100 $ 2 $9,028.8 billion 108 billion 3 $9,806.28 $8,527.2 billion The economy's growth rate is % from year 1 to year 2 and % from year 2 to year 3.
7. If consumption increases by $400 Billion and incomes increase by $500 Billion in a year, what can we say about the marginal propensity to consume? 8. If the dollar were to strengthen against other world currencies, explain the effect this would have on net exports. 9. With an MPC of.9, what would the change in GDP be if Government Spending increased by $500 Million?
22) Refer to the following table of Annual GDP in the US. Year Nominal GDP Price Index Real GDP 1975 1985 1990 2005 2015 $1,688.9 Billion $4,346.7 Billion $5,277.4 Billion $13,093 Billion $17,947 Billion 36.2 51.1 59.7 93.4 109.9 $4,665.5 $8,506.3 $8,839.9 $?????? $16,330.3 Using 2007 as the Base Year with the Price Index that year at 100, the Real GDP for 2005 would be calculated to be: A) $11,914 B) $13,093 $14,018 $15,271