The nations economic growth rate during the year

Assignment Help Business Economics

Reference no: EM13860717

In 2016, a nation's population was 10 million. Its nominal GDP was $40 billion, and its price index was 100. In 2017, its population had increased to 12 million, its nominal GDP had risen to $57.6 billion, and its price index had increased to 120. What was the nation's economic growth rate during the year?

Reference no: EM13860717

Questions Cloud

Describe the impact of these fiscal policies on the u.s. : Describe the impact of these fiscal policies on the U.S. economy

Economy operating below its full-employment output level : Consider an economy operating below its full-employment output level. The government wants to enact a reduction in income taxes in an effort to restore the economy to full-employment output. Use the dropdown menus to fill in the table and complete t..

Price elasticity of demand for either of their services : Suppose that twin eye doctors work across the hall from each other. Even their parents have trouble telling them apart, and they both went to the same medical school. From this information, we would guess that the price elasticity of demand for eithe..

Write a matlab program for taking arbitrary number of inputs : Write a matlab program for taking arbitrary number of inputs and displaying the average & geometric mean.

The nations economic growth rate during the year : In 2016, a nation's population was 10 million. Its nominal GDP was $40 billion, and its price index was 100. In 2017, its population had increased to 12 million, its nominal GDP had risen to $57.6 billion, and its price index had increased to 120. Wh..

Percentage change in per capita real gdp : In 2016, a nation's population was 10 million, its real GDP was $1.21 billion, and its GDP deflator had a value of 121. By 2017, its population had increased to 12 million, its real GDP had risen to $1.5 billion, and its GDP deflator had a value of 1..

Write a java code to count number of capital letters in line : Write a java codenpseudo-code to count the number of capital letters in a line of text. How many comparisons does it do? What is the fewestnumber of increments it might do? What is the largest number?

Does this mean the consumer prefers hospital : A patient has a choice of spending $ 33,000 on a procedure in Hospital XXX or $24,000 on the same procedure in Hospital YYY. She is observed checking into Hospital YYY. Does this mean the consumer prefers Hospital YYY?

Short-run production-determine marginal revenue function : A firm has the following short-run production function (where L = Labor and Q = Output): Suppose that the output can be sold for $10 per unit. Further assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit. Dete..

User Account

All Pages