Qassume that the poorest country in the world is democratic

Assignment Help Business Economics
Reference no: EM13352825

Q. Assume that the poorest country in the world is Democratic Republic of the Congo and the richest country in the world is Luxembourg. Assume that Democratic Republic of the Congo has a per capita PPP GDP of $373 and Luxembourg has a per capita PPP GDP of $89,012. If Luxembourg grows at 1% per capita per year and Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg?

Reference no: EM13352825

Questions Cloud

Q1 at the same time that you did the viable cell count of : q1. at the same time that you did the viable cell count of your bacterial culture in problem 10 you also counted the
Q1 what colour does starch change to while tested with the : q1. what colour does starch change to while tested with the benedicts reagent test and what colour does it change to
Q1 suppose a consumer has an income of 500 and faces prices : q1. suppose a consumer has an income of 500 and faces prices px5 and pz10. write the equation for the budget
Q scientists recently have proposed a reorganization of the : q. scientists recently have proposed a reorganization of the phylogenetic system of classification to include the
Qassume that the poorest country in the world is democratic : q.assume that the poorest country in the world is democratic republic of the congo and the richest country in the world
Q1 a 27 year old man who works outdoors notices the growth : q1. a 27 year old man who works outdoors notices the growth on the skin that includes a darkly pigmented spot
Qconsider the following market for a single good x with two : q.consider ?the ?following ?market ?for ?a ?single ?good ?x ?with? two? firms ?that compete ?via? price? bertrand.?you?
Q1 the neurotransmitter acetylcholine is made in the : q1. the neurotransmitter acetylcholine is made in the cytosol and then transferred into synaptic vesicles where its
Q1 a male rabbit with genotype ggbb find out the gametes : q1. a male rabbit with genotype ggbb. find out the gametes produced by this rabbit the sperm would have these

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate which of the following statements is correct

Suppose sellers of liquor are required to send $1.00 to the government for every bottle of liquor they sell. Further, suppose this tax causes the price paid by buyers of liquor to rise by $0.60 per bottle. Elucidate which of the following statemen..

  What is the accounting profit that fred would get in venture

What is the accounting profit that Fred would get in his venture? What is the economic profit that Fred would get in his venture? Would you recommend Fred go ahead with his venture? Why?

  Why would equal-sized falls in aggregate output

Why would equal-sized falls in aggregate output due to a fall in aggregate demand have different effects on magnitude and duration of unemployment in se two economies.

  Should the ceo at plain truth cancel the audit and rely

Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?

  Dynamic technology

Here is a "dynamic technology" question - When it comes to automobile production it is an accepted fact that American automakers did not readily adopt and use Asian and European technologies in the production of cars. The result was a loss of global ..

  You promise to cut tax rates increase transfers

You promise to cut tax rates, increase transfers and government purchases, reduce the governments budget deficit and reduce the governments debt as a fraction of the gdp. If elected, is it possible for you to keep all of your campaign promises.

  Given expected price level policies for reaching potential

Given the expected price level, policies for reaching potential GDP will work best if the funds provide.

  What are best national bank reserves needed

Gigantic State University indicate that over the past twenty years tuition and enrollment have both increased. From this information. What are Best National Bank's reserves, needed reserves, and excess reserves.

  What happen to interest rates if the public believes him

The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.

  What are the potential consequences of a country having

What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country's long-term debt, what would it be and why?

  Elucidate how production possibility table or curve reflects

Elucidate how production possibilities table or curve reflects law of increasing opportunity costs. Illustrate what do points along PPC recurrent (with respect to available resources).

  Cost- marginal revenue curve

This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.

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