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- In 2000 GDP per capita was 18.3, capital/output was 3.3, human capital was 4.8. In 2010 GDP per capita was 23.3, capital/output 5.7, human capital was 4.5. In both years the production function is Cobb-Douglas with a value for α of 0.4. What was the ratio of GDP per capita in 2010 to 2000 due *just* to the change in the capital/output ratio? Use 2 decimal places.Suppose that the GDP of California increases by 8.0% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal. duration for California's GDP to double: Suppose that the GDP of Oregon today is exactly twice what it was 17 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal. average annual growth for Oregon: years % each yearMacmillan Learning Suppose that the GDP of California increases by 12% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal. duration for California's GDP to double: Suppose that the GDP of Oregon today is exactly twice what it was 22 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal. average annual growth for Oregon: years % each year
- The per capita GDP in Western Europe was 1.200 dollars in 1820 and 3.460 dollars in 1913 while in Ottoman Empire 720 and 1.150 dollars at the same years. How can you explain that the per capita GDP in WE is almost the double of the Ottoman per capita GDP in 1820?Last year real GDP in the Slothland was 345 billion and the population was 6.0 million. The year before, real GDP was 675 billion and the population was 7.0 million. The growth rate of real GDP per capita during the year was percent. (Please round to 1 decimal place. For example, if your answer is 9.98%, please enter 10.0)In 2001 the value of RGDP was $12.40 trillion, the population was 282.19 million, and the number of people employed was 142,879 measured in thousands. What was the value of RGDP per capita? Round to the nearest whole number. « Previous Next ASUS 17 [X 18 8. R
- Between 1970 and 2005, China’s GDP per capita grew at an average rate of 7.3% per year while GDP per capita in the US grew at an average rate of 2.2%. In 2005, US GDP per capita was $36,806 and Chinese GDP per capita was $5,955. Assuming that the two countries continue to grow at these rates, in what year will China overtake the US in terms of GDP per capita?C I G NX Price Yr1 1000 156 560 52 4 Yr2 1300 159 600 52 5 Yr3 2000 169 690 53 6 Yr4 2900 180 880 53 7 Population Yr1 2 Yr2 2 Yr3 3 Yr4 3 Using the information above: State what real GDP per capita will be for all four years. (round to the whole number for all calculations and final answers) State what the change in real GDP per capita will be from year 1 to…In 1989, America's GDP per capita was approximately 30,000 (measured in today's dollars). How much higher in percentage terms was America's GDP per capita in 2015?
- Real GDP per capita increases by 9% in the first year and by 5% in the second. After 2 years, what is the total percent increase in real GDP per capita? Round to two decimal place and do not enter the % sign. If your answer is 6.145%, enter 6.15. If appropriate, remember to enter the negative sign. Hint: If it makes life easier, assume initial real GDP per capita is 100.The table below lists GDP and GDP growth rates for the countries of Cortania, Microtania, and Boxtown. Fill in the final column, which asks for the GDP in each country 13 years later. Country GDP in $ billions GDP annual growth rate (%) Cortania Microtania Boxtown 10600.00 44000.00 48100.00 3 2 4.5 GlThe table below shows data over several years for a country's real GDP, the number of full-time employed workers (E), and the annual average number of hours worked per worker (H). a. & b. For each of the four years, compute real GDP per worker-a standard measure of labour productivity and a slightly more complex measure of labour productivity-real GDP per hour worked. (Round your answers to the nearest cent.) Year 1 5 10 15 Real GDP $524 billion $559 billion $661 billion $765 billion Full-time Employed Workers (E) 12.8 million 13.6 million 14.3 million 15.3 million Number of Hours Worked per Worker (H) 2023 1961 1932 1891 GDP E $ $ $ GDP EXH $
