Illustrtae what is the growth rate of its real gdp

Assignment Help Macroeconomics
Reference no: EM1333185

Growth Rate of GDP

Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2.

1) What is the growth rate of its real GDP?

Assume that population is 100 in year 1 and 102 in year 2.

2) What is the growth rate of GDP per capita?


Reference no: EM1333185

Questions Cloud

Graph the three total cost lines : Ski Boards, Inc., wants to enter the market quickly with a new finish on its ski boards. It has three choices: (A) refurbish the old equipment at a cost of USD 800
Stock valuation of hewlett-packard stock using of capm : Using the required rate of return calculated in part (a) and the Discounted Cash Flow Model, compute the intrinsic value of a share of Hewlett-Packard Stock. What assumptions, if any, was it necessary to make?
Team function and listening form of communication : Business Management: Team function, listening form of communication - Based on the description above what skills can you share with us regarding achieving effective communication.
Reviewing different articles : Oral Immunotherapy Shows Promise for Children with Egg Allergy.Overweight and obese diabetics less likely to die
Illustrtae what is the growth rate of its real gdp : Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. Illustrtae what is the growth rate of its real GDP.
Find out p50 in mmhg : on the experimental data using built in Matlab function, polyfit. A
Explain what is the most important thing in doing e-commerce : Explain What is the most important thing in doing E-commerce business
Explain the methods used by latan and his colleagues : Explain the methods used and results obtained by Latan and his colleagues in their study of  pseudogroups, groups, & social loafing.
Describe how important is hr to employee relations : Importance of Human Resource Dept. and Employee Relations - Explain How important is HR to employee relations? Why not just have managers run the show and outsource everything else?


Write a Review


Macroeconomics Questions & Answers

  Market structure for opec

What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?

  Equilibrium in oligopolistic market

An industry consists of three firms with identical costs C (q)18q +q2. What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?

  Describing tax on imports

A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to describe why domestic firms request that tariffs be imposed.

  Illustrate what are the production elasticities of demand

Illustrate what are the production elasticities of demand for labor, capital (trucks) and energy. What type of returns to scale is consistent with the above production function.

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  Explaining the short run and long run impact

Account for the effect of the two proposed fiscal policy actions in the short run and long run. This includes a description of the consequences of relevant macroeconomic variables.

  Computation of expected utility from health insurance

hat is your expected utility without insurance? Suppose you can buy insurance that will cover the medical expenses but not the foregone part of your salary. How much is an actuarially fair policy, and what is your expected utility if you buy it?

  Computing the changes in quantity

Suppose the firm raised the price to $4.00 while increasing its advertising expenditure by $100. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule and a demand curve.

  As compared to high japanese inflation

As compared to high Japanese inflation may result in an increase in the supply of yen for sale

  Suppose the externality-public good aspects forecasts

Suppose the externality/public good aspects of weather forecasts and argue for or against such a "privatization" of weather forecasting.

  Linear and log linear trend in data

Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.

  Illustrate what is the arc cross elasticity of demand

Illustrate what is the arc cross elasticity of demand among Future Flight's and Soaring Free's frisbees

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