Australia's real GDP was $A1,637 in 2015 and $A1,677 in 2016. Australia's population was 23.9...
Australia's real GDP was $A1,637 in 2015 and $A1,677 in 2016.
Australia's population was 23.9 million in 2015 and 24.3 million in 2016.
Calculate
a. The growth rate of real GDP.
b. The growth rate of real GDP per person.
c. The approximate number of years it will take for real GDP per person in Australia to double if the current real GDP growth rate and population growth rate are maintained.
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Australia's real GDP was $A1,637 in 2015 and $A1,677 in 2016.
Australia's population was 23.9...
Australia's real GDP was SA1,730 billion in 2017 and SA1,782 billion in 2018
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3. We are calculating the economic growth of Bangladesh. The Real GDP of year 2015 and 2016 was S690 billion and S735 billion. Also the population was 135 million and 140 million respectively in 201:5 and 2016. Calculate the real GDP per capita for Bangladesh for the years 2015 and 2016. (4 points) Also calculate the economic growth between 2015 and 2016. (Show calculations) (4 points)
This Question: 3 pts 3 of 22 (3 complete TE The table provides some data on real GDP and the population of Japan in 2012 and 2013. Calculate the growth rate of real GDP and the growth rate of real GDP per person Calculate the approximate number of years it take for real GDP per person in Japan to double the population growth rate and the real GOP growth rate are maintained at the 2013 levels Year 2012 2013 Real...
Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation rate - Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
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