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.
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- 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 yearUsing the rule of 70 and assuming real GDP per capita increases at 4% per year, how many years will it take Boblandia's real GDP to increase from 10 to 80? Answer in number of years, rounded to two decimal places. If you calculate 6.125 years, enter 6.13.
- Suppose a country has a real GDP per capita of $69,000 and grows at a constant rate for the next 49 years. How much larger (in percentage terms) is this country if its growth rate is 4.13% instead of 3.05% after 49 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.Assume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The annual growth rate in West Swimsuit is 2.33%, while in South Darlinia it is 7%. How many years will it take for South Darlinia to catch up to the real per capita GDP of West Swimsuit? What will the income of the two countries be when it is equal? type answer only. Do it correctly. Multiple votes will given accordingly.If US per capita GDP is $50,000 and grows at 3% per year, what will US per capita GDP be in 70 years?
- Suppose we have the following data given to us in this table. Year Real GDP Nominal GDP Population 2010 11,306 12,860 50 2020 12,844 13,382 47 Given this data, we would expect the quality of life to have increased by what percentage over the last 10 years? 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.Refer to Table 4.3 “The Model’s Prediction for Per Capital GDP” on page 83. Why is the “observed per capita GDP” in the last column 1.000 for the U.S.? A. The U.S. per capita GDP was $1,000 in real terms for the year given in the table B. It means the U.S. economy produces 100% of what it’s supposed to produce C. It means the U.S. economy uses 100% of all available capital in the country D. U.S. values are set, or normalized, to 1 while the other countries’ values are all relative to the U.S. valuesin england, suppose GDP per capita grows by 3.0% per year for 19 years. by how many times does this economy grow?
- 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. 16Given the table below, calculate the population growth (number of individuals) in this country for 2010, 2015 and 2020. The result should be an integer number (no decimals). Round to the nearest number. E.g if the result is 350.4, write 350. If the result is 350.5, write 351. Number of individuals 2010 2015 2020 Births Deaths Immigration Emigration 5000 6000 7000 5500 5600 6000 850 2000 3000 450 500 600 Write the population growth (number of individuals) for 2010 in Blank #1. Write the population growth (number of individuals) for 2015 in Blank #2. Write the population growth (number of individuals) for 2020 in Blank # 3. Blank # 1 Blank # 2 Blank # 3The 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?