A country sees its GDP grown from $20 billion in 2018 to $22 billion in 2019. What was the GDF growth rate during that period? A. 10% B. 20% C. 110% D. 120%
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- If 2020 GDP is $12 trilion and is growing rate of 5% per year, in what yeah will GDP reach $24 trilion? a. 2030 b.2025 c. 2034 d. 2160How does a tax on interest income influence the economic growth rate? A tax on interest income drives a wedge between the interest rate _______ by borrowers and the interest rate _______ by lenders, which _______ the amount of saving and investment and _______ the economic growth rate. A. received; paid; lowers; slows B. paid; received; increases; increases C. received; paid; increases; increases D. paid; received; lowers; slows Thanksof Today (time 0) the nation of ZYX has a GDP of $1000. If ZYX economy grows at 3% per year, what will be its GDP in 10 years? a. $1343.92 b. $1072.93 c. $1456.84 d. $1300
- ASAPa.Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. b. Please explain 5 factors that might contribute to rising U.S. GDP growth rates. c. Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase.4. Compute the percentage increase in real GDP from 2004 to 2005.a. 0 percentb. 7 percentc. 22 percentd. 27 percent *base year is 2003
- 0000 000 Transfer payments are a. excluded when calculating GDP because they only reflect inflation. b. excluded when calculating GDP because they do not reflect current production. c. included when calculating GDP because they are a category of investment spending. d. included when calculating GDP because they increase the spending of recipients. Which of the following will not increase the average productivity of labor? a. an increase in the stock of real capital b. improvements in the quality of the nation's education and training system c. technological progress d. an increase in the size of the labor force1. Nnominal GDP or real GDP provide more accurate picture of the growth in a state? why also explain benefits of economic growth.Saved Help Save & Exit Subm A nation's real GDP was $500 billion in Year 1 and $520 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2? Conomic Growth Quiz i Multiple Choice Mc Graw 3.8 percent 2.0 percent 4.0 percent 8.0 percent # 1 2 3 0 a MacBook Pro 54 $ % & 5 6 7 W E R T Y U * 0 田 61 9 Ο - A S D F G H J K L N X C T H command < B N M < V- H ዓደ יד P { سانی .... . V =- ? command option } 1
- Please no written by hand and no emage Ecuador has a GDP of $89.0 billion (measured in U.S. dollars) and grows at 1.3% per year. Using the Compound Rate formula in the textbook, what is the country’s GDP after 6 years? A. $99.3 billion B. $96.2 billion C. $95.4 billion D. $93.1 billion7. Which of the following is a measure of output share an average person will get if the total output of an economy divides evenly among the total population? a.Real GDP b.Per capita GDP c.The capital stock of the economy d.The economic growth of the economyInvestment is back bone to a nation’s GDP. How you will describe it and what elementscauses to shifts in Investment Demand Curve. Explain in your own words.
