In 2018, this country accounted for the biggest share of world output (measured by GDP) A....
In 2018, this country accounted for the biggest share of world output (measured by GDP)
A. Japan B. Germany C. India D. US E. China
Homework Answers
"D"
US accounted for the highet output in the word market. followed by china. if we are talking about the growth in the market then it was India.
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In 2018, this country accounted for the biggest share of world
output (measured by GDP)
A....
United States GDP per person was approximately $59,500 in 2017 [CIA World Factbook 2018]. Measured in...
United States GDP per person was approximately $59,500 in 2017 [CIA World Factbook 2018]. Measured in imilar dollars, Canada's GDP per person was approximately S48,300 in 2017 . Measured in a] In percentage terms, how much greater w as US GDP per person than Canadian GDP per person in 2017? Hint: employ the following formula: Percentage difference-((US value-Canadian valueycanadian value) x 100% b] Assume US GDP per person grows 2 percent per year over the subsequent 100 years, while Canadian...
Multiple Choice Questions (10%) 1. Which country has experienced the highest GDP growth in recent 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,...
ter 2 Assignment Use the bar graph from the World View. "Comparative Output (GDP)" to answer...
ter 2 Assignment Use the bar graph from the World View. "Comparative Output (GDP)" to answer three questions. us In 2015, the world's total output (real GDP) was roughly $80 trillion. What percentage of this total was produced Instructions: Enter your responses rounded to two decimal places a. By the United States and China? b. By Haiti and Ethiopia? Prev 1 of 12 Next>
Question 36 Not yet andwered Points out of 3.00 Real GDP per Employment to population Average...
Question 36 Not yet andwered Points out of 3.00 Real GDP per Employment to population Average labor productivity capita 92008 Germany $13,993 $20,801 0330.49 Japan $13,163 $22,816 048 051 1979 1979 2008 1979 2008 Flag Consider the table above containing data for Germany and Japan on the real GDP per capita and the ratio of employment to population in 1979 and 2008. Using data from the table find the average labor productivity for each country in 1979 and in 2008...
2. Suppose real GDP for the US in 2018 was $20 trillion and real GDP for...
2. Suppose real GDP for the US in 2018 was $20 trillion and real GDP for the US in 2019 was $25 trillion. What is the value of GDP growth 2018 to 2019? A. 5% B. 20% C. 25% D. 50% E. Not enough information 3. Inflation represents: A. an increase in output. B. an increase in the aggregate price level. C. an increase in the unemployment rate. D. all of the above E. none of the above 4. Okun's...
Table 1: Distribution of income Country Gini, % Year Argentina 48.3 2006 Australia 35.2 1994 Belgium...
Table 1: Distribution of income Country Gini, % Year Argentina 48.3 2006 Australia 35.2 1994 Belgium 33.0 2000 El Salvador 52.4 2002 European Union 31.6 2003 Finland 26.9 2000 France 26.7 2002 Germany 28.3 2000 India 36.8 2004 Japan 38.1 2002 Morocco 40.0 2005 Nigeria 43.7 2003 Russia 40.5 2005 United Kingdom 36.0 1999 United States 45.0 2004 Yemen 33.4 1998 Source: CIA World Factbook Which country is the most equal and least equal in terms of income distribution? Using...
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.
6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. Expenditures on federal highways The leisure time enjoyed by households The value produced when you wash your own car at home The costs of air and water...
Sizing Up the Economy Using GDP – End of Chapter Problem In 2018, India was the...
Sizing Up the Economy Using GDP – End of Chapter Problem In 2018, India was the world's seventh largest economy, with a $2.69 trillion GDP (as measured in U.S. dollars). India was also one of the world's fastest-growing economies, with an annual growth rate of real GDP of 7.3%. a. If the country maintains the same growth rate, how many years will it take for India's GDP to double? Round your answer to two decimal places. India's GDP will double...
1. Which region has taken the lead in the world of e-waste handling? a) European Union...
1. Which region has taken the lead in the world of e-waste handling? a) European Union b) U.S.A and Canada in North America c) Asia d) Australia 2. Which country leads the world in the consumption of many things; however, stalls when it comes to handling e-waste? a) Russia b) U.S.A c) China d) Japan and China 3. What are the areas a corporation has to track for their carbon footprint? a) Facilities; operations b) Transportation; travel c) Both (a)...
The CIA World Factbookt estimates the economic performance of countries. One such figure is the gross...
The CIA World Factbookt estimates the economic performance of countries. One such figure is the gross domestic product (GDP), which is the annual market value of the goods and services produced in that country. In 2015 the GDP of China was about 11.0 trillion dollars. It is predicted to grow by about 7% each year. Use this prediction to determine how long it will take for the economy of Japan to double in size from its level in 2015. (Round...
United States GDP per person was approximately $59,500 in 2017 [CIA World Factbook 2018]. Measured in imilar dollars, Canada's GDP per person was approximately S48,300 in 2017 . Measured in a] In percentage terms, how much greater w as US GDP per person than Canadian GDP per person in 2017? Hint: employ the following formula: Percentage difference-((US value-Canadian valueycanadian value) x 100% b] Assume US GDP per person grows 2 percent per year over the subsequent 100 years, while Canadian...
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,...
ter 2 Assignment Use the bar graph from the World View. "Comparative Output (GDP)" to answer three questions. us In 2015, the world's total output (real GDP) was roughly $80 trillion. What percentage of this total was produced Instructions: Enter your responses rounded to two decimal places a. By the United States and China? b. By Haiti and Ethiopia? Prev 1 of 12 Next>
Question 36 Not yet andwered Points out of 3.00 Real GDP per Employment to population Average labor productivity capita 92008 Germany $13,993 $20,801 0330.49 Japan $13,163 $22,816 048 051 1979 1979 2008 1979 2008 Flag Consider the table above containing data for Germany and Japan on the real GDP per capita and the ratio of employment to population in 1979 and 2008. Using data from the table find the average labor productivity for each country in 1979 and in 2008...
2. Suppose real GDP for the US in 2018 was $20 trillion and real GDP for the US in 2019 was $25 trillion. What is the value of GDP growth 2018 to 2019? A. 5% B. 20% C. 25% D. 50% E. Not enough information 3. Inflation represents: A. an increase in output. B. an increase in the aggregate price level. C. an increase in the unemployment rate. D. all of the above E. none of the above 4. Okun's...
Sizing Up the Economy Using GDP – End of Chapter Problem In 2018, India was the world's seventh largest economy, with a $2.69 trillion GDP (as measured in U.S. dollars). India was also one of the world's fastest-growing economies, with an annual growth rate of real GDP of 7.3%. a. If the country maintains the same growth rate, how many years will it take for India's GDP to double? Round your answer to two decimal places. India's GDP will double...
The CIA World Factbookt estimates the economic performance of countries. One such figure is the gross domestic product (GDP), which is the annual market value of the goods and services produced in that country. In 2015 the GDP of China was about 11.0 trillion dollars. It is predicted to grow by about 7% each year. Use this prediction to determine how long it will take for the economy of Japan to double in size from its level in 2015. (Round...
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