What is the growth rate of real gdp per capita

Assignment Help Business Economics
Reference no: EM13832258

Suppose an economy’s real GDP is $46,000 in year 1 and $49,200 in year 2. What is the growth rate of its real GDP?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's real GDP = %

Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's real GDP per capita = %

Reference no: EM13832258

Questions Cloud

What does being ethical mean to you : What does being ethical mean to you? How could ethics be an issue in a management accounting environment? Explain what is meant by each of the following fundamental ethical principles for accountants.
What is the total amount of fica : What is the total amount of FICA that needs to be remitted by an employer in 2015 for an employee earning $50,000?
Strategic and tactical elements of a comprehensive project : Planning and executing the strategic and tactical elements of a comprehensive project. Integrating and demonstrating skills and techniques you have learned throughout the MBA program
Determine the gdp price index : Suppose that in 1984 the total output in a single-good economy was 7,000 buckets of chicken and the price of each bucket of chicken was $15. In 2005 the price per bucket of chicken was $20 and 23,000 buckets were produced. Determine the GDP price ind..
What is the growth rate of real gdp per capita : Suppose an economy’s real GDP is $46,000 in year 1 and $49,200 in year 2. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
Which present value factor is larger : Which present value factor is larger: the PV of 1 factor for 10% or the PV of 1 factor for 12%?
Include effects on price and quantity : Show graphically and explain what happens in the Cars market, include effects on Price and Quantity. What would happen to the equilibrium price and quantity of cars if the price of steel increased?
In a capitalistic economy : In a capitalistic economy:
In the circular economic flow diagram-households : In the circular economic flow diagram, households:

Reviews

Write a Review

Business Economics Questions & Answers

  What is the explicit cost of running this business

What is the fixed cost of running this business for one year? What is the marginal cost of selling one set of earrings? Does the marginal cost change depending on quantity sold? If so, how? If Mel’s goal is to maximize economic profit, how many bags ..

  Explain the whys of the policy of salutary neglect

Outline and describe in order of sequence the key items that led to the War of Independence. Explain why the navigation laws were so important to England. Explain the whys of the policy of salutary neglect.

  Qa borrower takes out a loan from a bank and can invest in

q.a borrower takes out a loan from a bank and can invest in a risky project that will produce revenue of 185 with

  What is the bond yield rate per period

A bond has a face (par) value of $17,492; it will mature in 5 years. The bond coupon rate is 1.50%; there are 11 premium payments per year. If the bond is purchased for 96.99% of its face value and later sold at its face value, what is the bond yield..

  Qequilibration is the process of moving between two

q.equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand.

  Explain how would one determine the opportunity cost

President Bill Clinton assigned his wife the task of developing a national health insurance plan to increase the availability of medical care for the poor. Explain how would one determine the opportunity cost of the proposal.

  Draw a production possibilities frontier

Draw a production possibilities frontier for the production of corn and steel, identifying the efficient points, feasible points, and infeasible points. Illustrate and explain increasing opportunity cost.

  Illustrate what smallest integer price make firm willing

The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount.

  Principles of the keynesian model

Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals.

  What might be the disadvantage of buying stock

One roommate says that he buys stock only in companies that everyone believes will experience big increases in profits in the future. How do you suppose the price-earnings ratio of these companies compares to the price-earnings ratio of other comp..

  Suppose the government decides to raise the gasoline tax

Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other

  Effect on interest rates and thus consumption

The asset (liquidity preference, or speculative) motive/demand for money relates primarily to money’s medium of exchange function. A Keynesian would view expansionary monetary policy as having its impact primarily through its effect on interest rates..

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