Calculate the percentage increase in real gdp

Assignment Help Macroeconomics
Reference no: EM1368259

Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage (%) raise in real GDP per person from 1987 to 2005.
Year Real GDP (2000 prices) Population
1987 $6,435,000 million 243 million
2005 $11,092,000 million 296.6 million

Reference no: EM1368259

Questions Cloud

Methodology to determine the optimal price levels : Black Diamond Tennis & Golf Club offers golf & tennis memberships to residents of Black Diamond, Ohio, in which there are two types of families:
Show how does hedging work : Explain and give an example of how hedging works and why does hedging provide price protection? Why does hedging remove further gains and losses?
Leadership and social concerns : Social concerns include many dilemmas that cannot be solved within the organization alone. What current strategies have health care leaders employed to address the following issues
Question about new deal : Describe two ways that key features of the traditional ("New Deal") pattern of industrial relations in the United States differ from the key
Calculate the percentage increase in real gdp : Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage (%) raise in real GDP per person from 1987 to 2005.
What are three challenges to virtual teamwork : What are three challenges to virtual teamwork? Explain each. How are working to overcome those challenges
Leaders in the health care industry : Which competencies are significant for leaders in the health care industry and why?
Different types of incentives to influence change : Discuss how organizations can use different types of incentives to influence change behaviors and reinforce those behaviors over time.
Emotional intelligence-ability to identify-manage emotions : Emotional intelligence is the capability to recognize and manage emotions in ourselves and others, and to build relationships.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Illustrate the stated direction of recent monetary policy

Illustrate the stated direction of recent monetary policy. What recent actions have the Federal Reserve taken to confirm that direction

  Assume that kiribati can produce tons of breadfruit

Assume that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish.

  Calculate growth rate of nominal gdp

What was the growth rate of nominal GDP between 1999 and 2000? (Note the growth rate is the percentage change from one period to the next).

  True or false-multiplier and gnp

Answer whether the following statements are true or false, explaining your answer in each case.

  Budget constraint and monthly reservations wage

Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.

  Illustrate marketing- pricing- distribution on these firms

Illustrate what marketing, pricing, distribution or other competitive advantages can firms exploit. What limits or constraints are on these firms.

  When employees are used the average product of labor

When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.

  Describe implications for pricing of batteries

Describe implications for pricing of batteries, brakes and oil changes on the sale of tires.

  Determination of shut down point

Provide a report to management of the firm as to whether or not it should continue to operate at a loss?

  Utilizing a supply and demand analysis

Utilizing a supply and demand analysis, what would placing rent controls due to the number of apartments accessible for low-income individual.

  Office building maintenance makes call for the stripping

Office building maintenance makes call for the stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology.

  Find out what nation would be the most ideal markets

What would like you to do some research and find out what nation would be the most ideal markets for your new product.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd