Rate of growth of real gdp
Course:- Macroeconomics
Reference No.:- EM131326461

Assignment Help
Assignment Help >> Macroeconomics

The annual rate of growth of real GDP in a developing nation is 0.2percent. Initially, the country's population was stable from year to year. Recently, however, a significant increase in the nation's birthrate has raised the annual rate of population growth to 0.6percent.Calculate the rate of growth of per capita real GDP before the increase in population growth.. (Enter your response as a percentage rounded to one decimal place.) If the rate of growth of real GDP remains unchanged, calculate the new rate of growth of per capita real GDP following the increase in the birthrate.. (Enter your response as a percentage rounded to one decimal place.)

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
a.) Complex systems such as the climate are characterized by thresholds and feedback loops. Describe 2 positive feedback loops for global climate change. Describe 2 negative
Smith has been informed that on April 1st, Delta Co., a producer of a substitute good, will be decreasing the price of its product by 10%. Given a cross elasticity of 2 and
Assume beer is an inferior good and the price of beer falls, then the substitution effect results in the person buying (less/more) of the good and income effect results in t
Critically analyse impacts of the financial crisis which came to a head in 2008 on an economy of your choice. Your focus should be on the macroeconomic impacts and include c
How can we measure our nation's economic performance? What are the two different approaches? What factors make it difficult to calculate GDP accurately? How does GDP fail to
Suppose planned investment falls by 100. Graphically illustrate using the AE-Y graph the effects of this reduction in planned investment on the economy. Also calculate the n
The change in the quantity of product C demanded in any given week is inversely proportional to the change in sales of product D in the previous week. That is, if sales of D
Find a maximum matching for the graph in the attachment and use Hall's theorem to prove its optimality. Then, describe the equivalent maximum-flow problem and the correspond