The following table shows the monthly total expenditure in 2010 for an economy expressed in thousands of Canadian dollars(CAD).MonthValueJan358.6Feb373Mar387.9AprMay403.5419.7Jun436.5JulAugSep454472.3491.3Oct511.1Nov531.6Dec553.1e. What is the annualized growth rate in percentage between January and February 2010 using the exact formula? Roundyour answer to the nearest second decimal.f. What is the annualized growth rate in percentage between November and December 2010 using the approximationformula? Round your answer to the nearest second decimal.g. What is the value of the index base 100 = April 2010 in November 2010? Round your answer to the nearest seconddecimal.

Growth rates allude to the rate change of a particular variable inside a particular time span. For…

Answered: The following table shows the monthly…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 3P

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Similar questions

GDP of the US was approximately $20.5 trillion in 2018 and $21.5 trillion in 2019. What was the approximate annual growth rate? 4.88 4.65 4.5
A nation's real GDP was $250 billion in Year 1 and $265 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? Multiple Choice 15.0 percent 6.0 percent 5.7 percent 1.1 percent
You are asked to perform a growth accounting analysis for Ethiopia to inform policy makers. Output growth in Ethiopia was 5% per year during the period 2012- 2022. Employment growth was 3% per year and capital was growing by 10% in the same period. Suppose that the capital share in income is 0.3 and that there are constant returns to scale. c) What was the annual growth rate of output per worker? Of capital per worker? d) What was the growth in total factor productivity (technical progress)?
Year Real GDP Nominal GDP 2019 $15,510.79 $17,310.70 2020 $17,495.23 $18,761.83 2021 $18,209.59 $19,253.97 Refer to the table above. What is the growth rate in real GDP from 2020 to 2021? 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.
GDP per capita in the United States was approximately $63,000 in 2020. Use the growth formula (see below) to answer the following questions: Growth formula: (future value) = (present value) × (1 + r)t present value = this year's GDP per capita future value = GDP per capita in the future r = rate of growth (in decimal form) per year What will GDP per capita be in the year 2025 if it grows each year by 2.5 percent?
Table: Growth Rates and Real GDP per Capita Country A Country B $8,000 $10,000 6% Real GDP per capita Economic growth rate 7% Country C $12,000 3% country A country D country B country C Country D $23,000 2% Which country will reach a real GDP per capita of $80,000 the most quickly if the growth rates in the table are maintained?
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.
Starting from year 2023 and assuming that both the annual growth rates of RGDP and population will remain at the levels in the table below, choose the correct statement: Average RGDP growth Average population Country 2010-2019 (%) growth 2010-2019 (%) China 7.68 0.56 India 6.62 1.23 Vietnam 6.58 1.02 Singapore 4.99 1.34 Data Source: World Bank O India will double its real GDP per person in 2036. Vietnam will double its real GDP per person in 2036. O Singapore will double its real GDP per person in 2043, while China 10 years earlier. O All the above
How do I calculate average percent growth of Real Per Capita GDP using FRED database for years 1950-1999 and 2000-2019?
You are going to compare and contrast the GDP of the United States to that of another country of your choice for the last 3 years. Your report in narrative format should address the following questions: Describe the current GDP growth rate of the two countries. Which component of the GDP of the two countries changed the most for the last 3 years? Identify the possible causes of the changes. Describe the biggest component of the GDP of the two countries. What recommendations would you make in order to boost the GDP of the two countries?
Suppose the initial real per capita GDP for countries A and B is 7 thousand dollars. If the annual growth rates of countries A and B are respectively 2.6% and 4.6% , what is the the ratio GDP of country B over GDP of country A after 67 years? Round your answer to the nearest first decimal
in england, suppose GDP per capita grows by 3.0% per year for 19 years. by how many times does this economy grow?

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