If an economy annual real GDP growth rate reduces from 8.2 percentage, its real GDP doubling time will.......... A) reduce by 3.53 year B) increase by 8.4 year C) reduce by 9.3 year D) increase by 18.5 yea
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If an economy annual real
A) reduce by 3.53 year
B) increase by 8.4 year
C) reduce by 9.3 year
D) increase by 18.5 year
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- At an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over the next 70 years, how many times will GDP double, assuming the growth rate does not change? If GDP starts at a value of $10 million, then in 70 years the value of GDP will be $ million. In 70 years the value of GDP will be times larger than it is today.Suppose a country has a real GDP per capita of $68,000 and grows at a constant rate for the next 36 years. How much larger (in percentage terms) is this country if its growth rate is 4.33% instead of 3.13% after 36 years of growth? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.It is observed that in a country in a given period of 20 years the average GDP growth rate has been 4%. However, it is observed that in this period the average GDP growth rate is 5% in the first 5 years and 3% in the last 5 years. How this difference in the average growth rates might be explained?
- Calculate the average annual growth rate using the information in the table below. Round to two decimal places. Year Growth rate 2017 3.2% 2018 2.7% 2019 0.5% 2020 1.8%Real GDP per capita in the country of Arcadia grew from about $4.545 in 1900 to about $40.064 in 2008, which represents an annual growth rate of 2.04 percent IH Arcadia continues to grow at this rate, calculate the number of years when its real GDP per capita will double years. (Enter your response as an integer)Use the growth rate of 0.7%to estimate the population, in millions, of a growing country in 2098. Start from the 2000 population of 37 million. Use the approximate doubling time formula. Round to one decimal place. A. 75.1 million B. 86.5 million C. 97.6 million D. 73.0 million
- If an economy's GDP will double in 15 years, then its growth rate must be about: 7% 15% 10% 4.7%What is the potential impact of rapid economic growth on: a) A nation's tax base? b) GDP/Capita? Brief explanation for each. 2. If the annual rate of GDP growth is 3%, use the rule of 72 to calculate the number of years it would take for the GDP to double. Show all calculations. I (Ctrl)-Economic growth and Production Function Practice 1) The following values relate to the countries below for the following 3 years in terms of Real GDP: Years Canada 1.722 trillion 1.742 trillion Tajikistan 7.765 billion Netherlands. 913.6 billion 2018 2019 8.301 billion 907.1 billion 2020 1.643 trillion 8.194 billion 912.2 billion a) Calculate the Real gdp growth rate for each country and between the following 2 periods (2018-2019 and 2019-2020) b) State how long it will take for each country in 2020 in order to double their levels of real gdp. c) Which country is more likely to achieve economic growth faster? why do you think this is?
- suppose for a country the nominal GDP growth rate is 6 percent,CPI increassed from 100 to 104,and the population growth rate is 1.2 %.what is the real GDP per capita growth rate a- 2 percent b 0.8 percent c-11.2 percent d-3.2 percentAt an annual growth rate of 3.5% it will take approximately years for a country's GDP to double. Over the next 60 years, how many times will GDP double, assuming the growth rate does not change? If GDP starts at a value of $10 million, then in 60 years the value of GDP will be $ million. In 60 years the value of GDP will be times larger than it is today. ASUSThe rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was 4.2%. Per capita real GDP was $28,900 in France in 2003, and $12,700 in Korea. Assume the growth rates for each country remain the same. Compute the doubling time for France’s per capita real GDP. Compute the doubling time for Korea’s per capita real GDP. What will France’s per capita real GDP be in 2045? What will Korea’s per capita real GDP be in 2045?