If real GDP increases from $100 billion to $105 billion, and the population increases from 100 million to 102 million, what is the grwoth rate of real GDP per person?
Q: 2. Find the equivalent annual payment of the ff. obligations at 20% interest End-of-Year Payment 1…
A: The Equivalent Annual Annuity (or EAA) technique is a way to assess projects with various life…
Q: early 1998, Luis Tellez, Mexico’s oil minister, held a secret meeting with his Saudi Arabian…
A: Oil Cartels: Every business look for maximum profits. The best procedure to maximize profits is to…
Q: Suppose Janet earns $600 per week working as a doctor for the Medical Clinic. She uses $9 to order a…
A: A simple circular flow model shows the flow of goods and services, money between mainly Firms and…
Q: manufacturer of linear accelerators: • The linear accelerator costs $450,000 and has a service life…
A: Given The initial cost of the linear accelerator is (P)=$450,000 Service life =5 years The…
Q: A consumer has preferences over bundles of two goods with indifference curves defined by -¤2 = ½ for…
A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…
Q: Suppose there are two goods, X and Y, with X measured on the horizontal axis and Y measured onthe…
A: Introduction: The income of a person is considered a scarce resource and which means consumers have…
Q: Josel owns an energy company. He produces electricity from solar energy and wind energy. The…
A: It is given that: Ps = $2 Pw = $4 Josel spends $20 of wind energy
Q: What happens to the price and quantity demanded of peanuts
A: Equilibrium will be at the point where demand for peanuts and supply of peanuts is equal.
Q: The following graph shows an aggregate demand (AD) curve and a short-run aggregate supply (SRAS)…
A: Answer: (1). If the economy experience a decrease in wage rate means the cost of production will…
Q: Find the numerical value of the factor (A/G,12.7%,20)
A: (A/G,12.7%,20) is known as uniform gradient uniform series. General expression of this series is…
Q: Monopolistic Competition 1. How does Monopolistic Competition differ from Perfect Competition? How…
A: A monopoly is a form of imperfect competition in which a seller or producer gains the large portion…
Q: Explain the basic idea of the Job Market Signalling Model.
A: Asymmetric information, or a departure from perfect information, is the foundation of signalling. It…
Q: 3. Minimum wage legislation The following graph shows the labor market in the fast-food industry in…
A: Here, the given graph shows the demand curve and supply curve of labor in the labor market at…
Q: For the production of part R-193, two operations are being considered. The capital investment…
A: Trade off is defined as the situation where decision is made involving diminishing a quality,…
Q: White Oaks Properties builds strip shopping centers and small malls. The company plans to replace…
A: Equivalent annual cost ( in short EAC) is the yearly expense of buying, working, and keeping a…
Q: Roger's utility function is Cobb-Douglas, U=B^0.80 Z^0.20 Y the price of B is P_B and the price…
A: The utility function is given as: U=B0.81Z0.20
Q: If total GDP for this economy is $17.04 trillion for the year shown in the table below, what was the…
A: Exporting alludes to the selling of goods and services from the nation of origin to a foreign…
Q: Which of the following does NOT take place in a circular flow of income and expenditure model? A.…
A: Businesses decide what to produce and then produce it in a circular flow of income. Households use…
Q: For items 1 to 3, consider an individual whose utility depends on consumption and hours of leisure…
A: * SOLUTION :-
Q: List the main categories of federal revenue and spending and describe the difference between…
A: We know that apart from maintaining law & order and protecting a nation against external threats…
Q: ackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with…
A: A hedge fund is a collection or portfolio of various investments. Hedge funds are a methodical way…
Q: Price gouging, or large increases in the prices of essential goods during an emergency, is illegal…
A: Price gouging occurs when some sellers take advantage of the natural disasters and supply basic…
Q: what are some proms and cons of being an environmental economist
A: We know that Environmental economists supervise economic analysis which is linked to environmental…
Q: Let's consider an economy in which there are really only two types of movies available action films,…
A: A shift in demand curve indicates an increase or decrease in demand with changes in determinants of…
Q: 18. Question 18 options: ---------- is the rate at which the market converts one currency into…
A: Exchange rate can be defined as expressing the price of one country's currency in terms of price of…
Q: If a corporation has $400 million in common stock, $200 million in preferred stock, and $500 million…
A: It is given that in question, cost of common stock= $400 million cost of preferred stock = $200…
Q: If nominal GDP rose, does that mean that production had to increase as well? Why or why not? An…
A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…
Q: Production is inefficient if the economy is producing at a point a) on the production possibilities…
A: Production is inefficient when with given resources the economy can produce more goods . It in other…
Q: The graph below shows supply and demand in the market for automobiles. For each of the following…
A: The determinant of the demand curve is the price of a related good, consumer income, consumer…
Q: Which point (A -F) would not be possible to produce? * O A OB O O D O E OF
A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…
Q: If both the job creation rate and the labour force growth rate are positive then Select one: a.the…
A: When certain workers are unable to find employment in the economy despite actively hunting for it at…
Q: ABC company creates specialty shipping bags that they sell to pharmaceutical companies across the…
A: Given , => 10 Material Bundles are required for 12000 shipping bags Therefore , 1 Bundle…
Q: Calculate Lopez Enterprises' gross profit at a CFAT of $2.5 million, $900,000 in expenses, $900,000…
A: The amount of taxes owed by an individual or business is known as the tax rate. Under the United…
Q: Why does Pinterest consider Google to be its largest competitor?
A: A company is considered as a competitor when they sell or provide similar goods and services or…
Q: Given Q = 5L² + 8K² - 2LK, w = 1, r = 1, find the values of L and K which will minimize total input…
A: Total cost alludes to the total expense caused in arriving at a specific degree of output; on the…
Q: . A manufacturing company plans to place money in a new venture capital fund that currently returns…
A: Given Nominal interest rate r=18% per year compounded daily The formula for effective interest…
Q: The demand and supply of coffee are shown here, with an equilibrium price of $4 per pound and an…
A: A market is considered to be at equilibrium where quantity demanded is equal to quantity supplied.…
Q: Demonstrate using the Equation of exchange that inflation is lately driven by money supply. Ensure…
A: The relationship between the money supply, the velocity of money, the price level, and an index of…
Q: fer to Figure 8-2. The per-unit burden of the tax on sellers is a. $3. b. $5. c. $2. The vertical…
A: When a tax has been imposed the burden of the tax is shared by both sellers and buyers. The tax…
Q: explain the functions performed by financial intermediaries and how they can promote economic…
A: Financial intermediation is characterized as the cycle which had been done by the financial…
Q: According to the equation Q = 23 +0.6P, where Q is the quantity supplied and P is the price of the…
A: The given equation is the supply equation that shows positive relationship between price and…
Q: (a) A good is a luxury if it has a budget elasticity larger than 1, (i.e., good k is a luxury if εk…
A: Let the 2 goods be k and j Budget constraint :- pk(k) + pj (j) = m share of good k in total…
Q: Price (Dollars per unit) 12.00 10.00 8.00 6.00 4.00 2.00 0.00 a. $28. Ob. $42. OC. $21. Od. $36.…
A: Here we are given the demand and supply schedule. And we can notice that both are equal at P = $4.
Q: A man deposit ₱1,00,000,000 for one year which pay an annual interest of 6%. The income is taxable…
A: Given, Amount of Deposit : P1,00,000,000 Interest rate : 6% Withholding tax : 20%
Q: A businessman invested P50,000 in a company that engages in the manufacture of hollow blocks. In…
A: The loss or any gain of an investment over a specific time period, stated as a percentage of the…
Q: Explain Market pain. Provide an example of a product that solves market pain.
A: Business specialists and investors allude to showcasing "torments" as a condition of occasions where…
Q: Find the cross elasticity of demand between cars and gasoline when the number of cars decreases from…
A: Cross price elasticity measures the change in demand of a good caused by the change in the price of…
Q: A debt of P228,000 is amortized by making equal payments at the end of every six months for 7 years,…
A: Given that, Principle = 228000 Time period = 7 years Interest rate = 12%
Q: Using the table below, calculate real GDP (in billions of dollars) in 2006. Round your answer to the…
A: Real GDP, which is unaffected by price fluctuations and hence simply reflects changes in the…
Q: Question 17 options: ---------- is the technique of protecting against the potential losses that…
A: Exposure management is designed to anticipate the unpredictable changes in exchange rate.
If real GDP increases from $100 billion to $105 billion, and the population increases from 100 million to 102 million, what is the grwoth rate of real GDP per person? The growth rate of real GDP person person is ____ percent.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- Do the math and.then answer the question If real GDP increases from $100 bilion to $105 billon, and the population increases from 100 nillion to 102 millon, what is the growth rate of real GDP per person? The growth rate of real GDP per person is percentIf real GDP increases from $100 billion to $105 billion, and the population increases from 100 million to 102 million, what is the growth rate of real GDP per person? The growth rate of real GDP per person is ___ percentThere are two countries in the world: Happytimes and Treehausland. Both countries currently have a GDP per capita of 1. Use the information in the table about growth and productivity to answer the questions. Round all numerical answers to two decimal places. Country Growth rate of GDP per capita Happytimes 0.086 Treehausland 0.031 What is GDP per capita in Happytimes in 21 years21 years ? Happytimes's GDP: $ What is GDP per capita in Treehausland in 21 years21 years ? Treehausland's GDP: $ In 21 years21 years , Happytimes grows how many times more than Treehausland? Happytimes's growth: times Treehausland's growth
- Small differences in growth rates in the size of the economy, over several decades, will result in big differences in the size of the economy. Pretend we start in 1950 and the U.S. growth in real GDP has been around 3.15%. This has resulted in real GDP growing 8 times over this 70-year period (1950 to 2020). If real GDP growth had been 4.0%, real GDP would be times larger. a. 8 (about the same growth as with 3.15% growth) b. 10 С. 14 d. 16My courses / ECON202-20202 / My Assessments / MIDTERM EXAM If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then South Korea is experiencing of O a. a slower economic growth than the US. b. no economic growth. estion O c. the same economic qrowth as the US. O d. a faster economic growth than the US. Next page A Chapter 6 In Class Practice Jump to... eu are logged in as ABDULRAHMAN ALSAEEM (Log out) Copyright © 2020 All Rights Reserved. MacBook Pro @ 2# % & 2 3 4 5 7 8 A E R T Y ض ق そ A S » G H. J K V B i く 6. つ つ > *3ASAP
- to per * 6. U.S. growth: On page 52, we noted that the growth rate of per capita GDP. the United States between 1870 and 1929 was slightly lower than 2.0%A the growth rate between 1950 and 2018 was slightly higher. Using the follows table, calculate the actual average annual growth rates during these twvo period Year US. income 1870 $3.629 1929 $9,827 1950 $16,294 $61,125 2018Over the 120 years from 1900 to 2020, the average growth rate of U.S. real GDP per person was 2 percent a year. What does this tell us? A. Real GDP grew faster than the population. B. The growth rate of real GDP was 2 percent a year on average. C. Real GDP grew slower than the population. D. The growth rate of real GDP was less than 2 percent a year on average.unning a budget denent. Which of the following is not considered a factor contributing to economic growth? Select one: a. Growth in the national money supply. b. Government protection of property rights. c. Growth in physical capital inputs (machines, tools, buildings, and inventories)
- Define the concepts or Real GDP and Economic growth. Explain their relationship?4. According to Malthus, how does economic growth and population relate to each other?If the annual GDP growth rate on average in a country is 5%, the current GDP is $10 trillion, how many years will it take to double GDP? a. 1400 b. 10 c. 14 d. 70 e. 5