Question 1 The table provides some data on real GDP and the population of Pacific in 2019 and 2020. Population (billions) 225,000 200 247,500 204 What is the growth rate of real GDP in Pacific in 2020? Real GDP Year (billions of euros) 2019 2020
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The growth rate of real GDP per person in pacific in 2020 is blank percent
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- GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [Country-X = Country-Y] Growth Rate: 3% 10 0.1% 10.0% 8 Country-Y 7 Initial Value 2,000.00 ($50 – $10,000) 5 4 Growth Rate: 1% 0.1% 10.0% 2 1 35.4 уrs. E CALCULATIONS 0 5 10 15 20 25 30 35 40 Years Value in Country-X Country-Y 10 years $1,343.92 $2,209.24 20 years $1,806.11 $2,440.38 30 years $2,427.26 $2,695.70 Country-X Country-Y Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose countries X and Y each produce $2,000 of goods and services per year. Country X experiences 2% growth per year, while country Y experiences 4% growth per year. a) What is Country X's production after 20 years? $[ b) What is country Y's production after 20 years? c) If two amounts are initially equal but one grows twice as fast (ex: 2% growth versus 4% growth), the amount that grows faster will have increased by (Click to select) V twice as much.Only typed answer Suppose a country's real GDP doubles in approximately 55 years. What was its constant annual growth rate? Leave 2 decimal places in your answer.GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [Country-X = Country-Y] Growth Rate: 3% 10 9 0.1% 10.0% 8 Country-Y 7 Initial Value 6 2,000.00 ($50 – $10,000) 4 Growth Rate: 1% 3 0.1% 10.0% 2 35.4 уrs. CALCULATIONS 0 5 20 35 40 10 15 25 30 Years Value in Country-X Country-Y 10 years $1,343.92 $2,209.24 20 years $1,806.11 $2,440.38 30 years $2,427.26 $2,695.70 Country-X Country-Y Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose country X currently produces $1800 of goods and services per year with a constant growth rate of 4.8% per year. Country Y's production is currently $4500 with growth of 3.0% per year. a) Using the rule of 72, how long does it take for country X's production to double? | years b) Using the rule of 72, how long does it take for country Y's production to double? | years c) Even if an intersection point does not appear on the graph, will the production level…
- Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita greater than that of the United States. Some examples are China, Japan, South Korea, and Taiwan. Does that mean the United States is regressing relative to other countries? Does that mean these countries will eventually overtake the United States in terms of the growth rate of real GDP per capita? Explain.An economy starts off with a GDP per capital of 12,000 euros. How large will the GDP per capita be if it grows at an annual rate of 3 for 10 years? 3 for 30 years? 6 for 30 years?How do gains in labor productivity lead to gains in GDP per capita?
- 4. You have been hired to forecast future population level for a small country. You know that this country currently has 15 million citizens and wishes to achieve a population level twice the current population, 50 years from now. (a) What population growth rate must it maintain in order to achieve this goal? (b) What if this country chooses a goal of 36 million people? What population growth rate would that require?11. The table below shows the average income per person in two countries in 1900 and their subsequent growth rates. Country Argentina Growth rate from 1900 to 2010 Income per person in 1900 $2756 $2758 1.03% Canada 2.19% The growth rates are only slightly different so maybe we should expect that they end up with similar, but not identical final incomes but they didn't. What was the absolute value of the difference in their incomes per person in 2010?Question 48 If people in impoverished nations are faced with life-and-death survival decisions, what is the relevance of sustaining at least a 2% rate of economic growth? Edit View Insert, Format Tools Table 12pt Paragraph | B A v T
- The table below shows the real GDP and population for the years 2000 and 2010 of a small island nation. Year Real GDP Population 發 2000 10,000 800 2010 22,000 950 Where applicable, round your answers to two decimal places. (a) Calculate the annual growth rate of real GDP over the 10 years (from 2000 to 2010). (b) Calculate the annual growth rate of real GDP per capita over the 10 years (from 2000 to 2010).Figure: Economic Growth in Major World Regions GDP per capita, real U.S. dollars (1990) $30,000 20,000 10,000 0 United States Western Europe Latin America Former USSR China India Africa 1 1000 1500 1870 1900 1950 2000 Years (AD) 48. Refer to the figure above, which shows real GDP per capita over time in different regions of the world. The chart shows that all regions of the world: A. were poor at one time. B. have been relatively rich throughout most of human history. C. have experienced moderate growth throughout most of human history. D. remain poor today.The table provides some data on real GDP and the population of Asiana in 2010 and 2011, Real GDP (trillions of yen) Population Year (billions) What was the growth rate of real GDP in Asiana in 2011? 2010 400,000 500 What was the growth rate of real GDP per person in Asiana in 2011? 2011 412,080 505 >>> Answer as a whole number. The growth rate of real GDP in Asiana in 2011 is percent. The growth rate of real GDP per person in Asiana in 2011 was percent.