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
Illustrate what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.
Explain the difference between the incentives of the owner of a house and renter of a house to undertake expenditures designed to improve or maintain the house. For example,
Suppose the government impose a tax of $20 per unit of output on all firm in the industry. What effect doest this have on the industry supply curve. Find the new competitive
Suppose a firm uses 2 inputs to produce one output. Can you derive an optimality condition for conditional factor demand for the first input if the second factor is fixed in
Draw the complete game tree and write down the strategy set for each player. (Remember that especially for the second-mover, a strategy is a complete contingent plan. Find t
Suppose that you believe that the average rate of inflation over the next 20 years will be 3.5 percent. Would you by the nominal or the inflation-indexed bond?
Identify major cross-cultural issues that may impact the American company's marketing approach in this situation and provide a precise description of how the identified issue
Suppose you are on a date at Mastro's Steakhouse and order the 16oz New York Strip. After eating half of the steak, you feel full. Your date tells you that you should finish