Average growth rate of aggregate output for the economy

Reference no: EM13685492

If from 1980 to 2005, the average growth rate of aggregate output for the economy of Groland was 4.5 percent, while over the same time, Groland's population grew an average of 2.0 percent per year, and then aggregate output per person grew at an average of _____ each year.

Reference no: EM13685492

Questions Cloud

Recent changes in airline baggage handling limit travellers : Recent changes in airline baggage handling limit travellers to one 40-50 lb checked bag without penalty. Is this good FAA-imposed public policy? Good for whom? Bad for whom? Why should the FAA impose the rules instead of individual airlines offering ..

Amount of fertilizer farmer jones puts on the corn fields : Why may the amount of fertilizer Farmer Jones puts on the corn fields not affect the corn price or Jones' neighbour’s profits? But if Cadillac offers a new fuel "economic V-8" how come Lexus, BMW, Mercedes, Infinity, and Acura are affected?

What uniform series of cash flows is equivalent : What uniform series of cash flows is equivalent to a $100,000 cash flow, fifteen years from now, if the uniform cash flows occur at the end of the year for the next fifteen years and the periodic interest rate is 8.5 percent compounded yearly?

Monetary policy is impotent in achieving macroeconomic goals : Describe why a monetary policy is impotent in achieving macroeconomic goals under the fixed exchange rate system. Begin your discussion with the assumption that the economy is at equilibrium in the balance of payments (external balance), however at l..

Average growth rate of aggregate output for the economy : If from 1980 to 2005, the average growth rate of aggregate output for the economy of Groland was 4.5 percent, while over the same time, Groland's population grew an average of 2.0 percent per year, and then aggregate output per person grew at an aver..

A laser-based system installed : A laser-based system installed for B = $150,000 three years ago can be sold for SP = $180,000 now. Based on 5-year MACRS recovery, BV3 = $43,200. GI for year is $800,000 and annual operating expenses average $50,000. Decide TI and taxes if Te = 34 pe..

Department of cass county has estimated that initial cost : The park and recreation department of Cass County has estimated that the initial cost of a park will be $2.3 million. Annual upkeep costs are estimated at $ 120,000. Benefits of $340,000 per year and dis-benefits of $ 40,000 per year have also been i..

Moral hazard-decide whether the above policy benefits : "Moral Hazard" Please responds to the following: In 2020, a leading insurance company started a policy that pays a policy holder a five percent rebate on their insurance premium in a year in which the policyholder does not file an insurance claim. Fo..

Standard errors still are utilized for hypothesis testing : Presume that the dependent variable in your regression has a non-normal distribution, even after controlling for the x variables (In other words, MLR.6 is violated). Under what circumstances can the OLS coefficients and standard errors still are util..

User Account

All Pages