Compute the average annual growth rate of per capita GDP

Assignment Help Business Economics
Reference no: EM13851312

Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in the each of the cases below. The levels are provided for 1980 and 2010, measured in constant 2005 dollars.

                                                        1980                                       2010

United States           24952      41365

Canada                                          23583                                      37104

Germany                                        21683                                      34089

France                                            21441                                     31299

Italy                                                19554                                       28377

Japan                                             18749                                      31447

United Kingdom                             16649                                       34268

Ireland                                           14642                                        34877

Mexico                                            10208                                       11939

Brazil                                               6960                                            8324

Indonesia                                        1500                                          3966

Kenya                                             1141                                          1247

India                                                 1028                                          3477

China                                                563                                            7130

Ethiopia                                          466                                               680

Reference no: EM13851312

Questions Cloud

Effects of equilibrium price level and level of real output : Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects of the equilibrium price level and the level of real output.
What are the four supply factors of economic growth : What are the four supply factors of economic growth? What is the demand factor? What is the efficiency factor? Illustrate these factors in terms of the production possibilities curve. What are the four supply factors of economic growth? What is the d..
Eliminating the payer affect supply-demand and price : Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? How ..
Hiring salesperson to promote smoking cigarattes : A tobacco company is interested in hiring a salesperson to promote smoking cigarattes in nightclubs. The position pays a flat salary of $50,000, regardless of sales levels. During their first year on the job, what are the expected sales of Patty and ..
Compute the average annual growth rate of per capita GDP : Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in the each of the cases below. The levels are provided for 1980 and 2010, measured in constant 2005 dollars.
Short-run production function-show the range of labour : A restaurant owner has the following short-run production function: Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. If workers can be hired for $40 per day and the average meal is $6,..
Show shift in demand and supply-non-price determinants : Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..
Operate business and make profit : George and Ellen operate a business and make a profit. Is this good or bad? Would it have been better if they had made a loss? Explain. How do people earn income? If you purse a career and become incredibly rich, have you done so at the expense of ot..
What is the opportunity cost of a belt : Suppose Mary has an income of $80 to buy bags and belts. The price of a belt (good 1) is $10 and the price of a bag (good 2) is $20. Martha, Mary’s sister, also buys belts and bags. Her consumption behavior is such that she can buy two belts (good 1)..

Reviews

Write a Review

Business Economics Questions & Answers

  Explain why is the index of industrial production

Explain why is the index of industrial production an appropriate coincident indicator. Why is the average prime rate charged by banks an appropriate lagging indicator.

  Accused of paying bribes to the government of a host country

A multinational company is accused of paying bribes to the government of a host country to obtain permission to build a production factory. the public relations manager of the company defends the company's actions as being ethically sound; he states ..

  Find real wage-employment-output and unemployment

Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2 . The turnover cost per labor is (0.36)/(w/p). What happens to t as real wage i..

  Q1 give examples of two consumer goods in your daily life

q1. give examples of two consumer goods in your daily life. any goods from all should be of higher demand than supply

  Explore the differences between economic model economic

Explore the differences between economic model, economic theory, and economic policy. How would you explain this to a friend who has no clue what the differences are. Compare and contrast.

  A decrease in the wage rate

A decrease in the wage rate

  Demonstrate using supply and demand analysis

Demonstrate, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs.

  Loss would domestic farmers incur due to the export ban

The farmers in country A harvest and sell 150 bushels of wheat at the price of $80 per bushel. Of the total production 30 bushels are exported. If the government bans all exports of wheat, the domestic price of wheat would drop to $60. But the produc..

  What percent of variation are restaurant sales explained

Which of the coefficients are statistically significant and which are not? Explain. d. What percent of variation are restaurant sales explained by this equation?

  What makes this company a success or failure

What are the characteristics that make Irelands international company different from domestic companies? Is this company successful? What makes this company a success or failure?

  What is the average inflation rate

Illustrate what is the average inflation rate. Elucidate how would that affect the inflation rate.

  Constant increasing or decreasing returns to scale

Does the widget production function exhibit constant, increasing or decreasing returns to scale.

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