Continues to grow at this growth rate

Assignment Help Business Economics
Reference no: EM131240957

Suppose in a particular country, GDP per capita was $3400 in 1960 and $44000 in 2005. What is the average annual growth rate of GDP per capita in this country? How many years it will take for the GDP per capita to double, if it continues to grow at this growth rate?

Reference no: EM131240957

Questions Cloud

Write the equation for petras budget line : Petra consumes only two goods, pizza (P) and hamburgers (H) and considers them to be perfect substitutes, as shown by his utility function: U(P, H) = P + 4H. The price of pizza is $3 and the price of hamburgers is $6, and Paul’s monthly income is $30..
Calculate the electric field and electric potential : A disk with radius R is aligned in the y-z plane with its center coinciding with the x-axis at x = 0. The disk has a central hole of radius R/2. The surface charge density is ?rho. Calculate the electric field and electric potential on the x-axis ..
Scanning proton microscope uses a uniform : A scanning proton microscope uses a uniform 2 kN/C electric field to accelerate protons horizontally toward the subject to be imaged. Assuming that the proton begins at rest, what is its speed after traveling 100 cm? Note that electron mass is 9.1..
How should the option be valued : If the yield volatility for a 5-year put option on a bond maturing in 10 years time is specified as 22%, how should the option be valued?
Continues to grow at this growth rate : Suppose in a particular country, GDP per capita was $3400 in 1960 and $44000 in 2005. What is the average annual growth rate of GDP per capita in this country? How many years it will take for the GDP per capita to double, if it continues to grow at t..
What is the car impact speed : Part A) How far from the base of the cliff does the car land? Express your answer to two significant figures and include the appropriate units. Part B) What is the car's impact speed? Express your answer to two significant figures and include the a..
What about output and consumption per worker : Use the Solow model to work out the consequences of a one-time decrease in the total stock of capital (KT ) due to, for example, a natural disaster without loss of life. What happens to capital per worker over time? What about output and consumption ..
Are cyber criminals a real danger to your enterprise : If your organization does become a victim of a cyber-crime or a security incident, how will you respond? What types of evidence would be important to your investigation, and how would they be used? What would law enforcement's role be in your inci..
What does the common strike price equal : What other instrument is the same as a 5-year zero-cost collar where the strike price of the cap equals the strike price of the floor? What does the common strike price equal?

Reviews

Write a Review

Business Economics Questions & Answers

  Demand for good is measure of the relationship between

Demand for a good is a measure of the relationship between

  Hypotheses-evidence and conclusions

When Seth told Anita, "Your plan for purr semester project is not going to work." she snapped back with, "I don't hear you coming up with anything better." Identify Seth and Anita's hypotheses, evidence, and conclusions.

  Describe the operations of a major foundation

Consider the following scenario: Phoenix Homeless Agency (PHA) needs funds to continue providing job counseling to qualifying recipients.

  Data-plotting tool will automatically connect

The data-plotting tool will automatically connect the points with a line.

  What happens to gross debt as a percentage of gdp

what happens to gross debt as a percentage of GDP. Elucidate what happens to the level of debt held by the public as a percentage of GDP.

  Calculate the deadweight loss associated with externality

The private marginal benefit associated with a product's consumption is PMB=360-4Q and the private marginal cost associated with its production is PMC=6Q. Furthermore, the marginal external damage associated with this good's productions is MD=20. Cal..

  About the international trade equilibrium

If two countries reach equilibrium in their domestic markets at the same price, what can be said about their export supply and import demand curves and about the international trade equilibrium?

  What proportion of investment is private saving

Show that the value of GDP at the point of spending balance is 6,000 billion. What proportion of investment is private saving? Government saving? Saving by the rest of the world?

  Changing the demand and cost structures

A new firm successfully enters a three-firm Cournot oligopoly without changing the demand and cost structures. The new price becomes:

  Resource-based view and its relation to strategic management

Explain the resource-based view and its relation to strategic management. Identify at least three ways that this view differs from the I/O view.

  Demand and supply for an imaginary good called pinckney

The following graph represents the demand and supply for an imaginary good called a pinckney. The black point (plus symbol) indicates the pre-tax equilibrium. Suppose the government has just decided to impose a tax on this market; the grey points (st..

  Internet signals the arrival of new era of global marketing

Some observers argue that the coming of electronic commerce on the Internet signals the arrival of a new era of global marketing, as online retailers of everything from books and music to soft- ware and outdoor gear make it possible to buy products w..

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