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Japan's real GDP was 525 trillion yen in2009 and 535 trillion yen in 2010. Japan's population was 127.6 million in 2009 and 127.5 million in 2010. Calculate
a. The economic growth rate, b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GOP pee person in Japan (0 double if the real GDP economic growth rate returns to 3 percent a year and the population growth race is maintained
Chinas real GDP per person was 9,280 yuan' in 2009 and 10,110 yuan in 2010. India's real GDP per person was 30,880 rupees in 2009 and 32,160 rupees in 2010.
a.The population of China isgrowing at 1percent a year and the population of India is growing at l.4percent a year. Calculate the growth rate of real GDP in each country.
Suppose that the federal government’s annual budget deficit is $250 billion and that the Fed’s holdings of government securities increase by $10 billion over the year. How much of the deficit was monetized?
Which two of the text's possible explanations for increasing wage and salary inequality seem least consistent with the following fact The distribution of earnings has become more unequal within industries (Both goods and service industries) and wi..
The consumption of which bar yields the greates marginal utility?The reason why people are charged for an additional can of soda they get from a soda machine, but are not charged for an additional paper taken from a newspaper dispensing machine, is..
Why is the long-run aggregate supple curve vertical? Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right?
Illustrate what does empirical evidence on the U.S. experience with the Earned Income Tax Credit predict will be the effect of the new policy.
As per much of the rest of the world remained characterized by low rates of economic growth.
Assume that the Current Account Balance is initially positive for one country. Assume that a permanent positive shock to production affects the country which initially had a positive current account balance.
Illustrate what do you think about the goal of the IMF's aid to distressed countries. What has been the controversy surrounding the IMF austerity programs.
Based on current dividend yields and expected capital gains, expected rates of return on portfolios A and B are 11 percent and 14%, respectively. The beta of A is 0.8, while that of B is 1.5.
Find out more about the airline industry. What is the price elasticity of supply for the airline industry.
Elucidate what is the cross elasticity of demand for pipes and pipe tobacco.
Which nation has a comparative advantage in clothing and by what amount.
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