What is the growth rate of real gdp per capita

Assignment Help Business Economics
Reference no: EM131164078

Suppose an economy’s real GDP is $52,000 in year 1 and $54,200 in year 2. What is the growth rate of its real GDP? Instructions: Round your answer to two decimal places. The growth rate of the economy's real GDP = % Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita? Instructions: Round your answer to two decimal places. The growth rate of the economy's real GDP per capita = %

Reference no: EM131164078

Questions Cloud

Assume that leader country has real gdp per capita : Assume that a “leader country” has real GDP per capita of $50,000, whereas a “follower country” has real GDP per capita of $25,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 14 percen..
What would you do if you were in leonards place : What would you do if you were in Leonard's place? -  What could have been done differently during the performance appraisal session?
Maximum length of time an employee : The length of time employees have worked at a corporation is normally distributed, with a mean of 11.2 years & sd of 2.1 years. In a company cutback, the lowest 5% in seniority are laid off. What is the maximum length of time an employee could hav..
How they help clarify the organization core values : Imagine you are a consultant for an organization, and they would like you to work on developing their core values. The organization would like their core values to reflect key attributes of their culture. Select an organization, such as a company, ..
What is the growth rate of real gdp per capita : Suppose an economy’s real GDP is $52,000 in year 1 and $54,200 in year 2. What is the growth rate of its real GDP? Instructions: Round your answer to two decimal places. The growth rate of the economy's real GDP = % Assume that population is 100 in y..
What elements of effective teamwork are not covered : What elements of effective teamwork are not covered in this type of training? - Do you think the training as currently offered also applies to virtual teams?
Develop public policy to address the issue : Final Paper Focus of the Final Paper The Capstone Paper should demonstrate understanding of the reading as well as the implications of new knowledge. The ten to fifteen page paper should integrate readings, class discussions, field research, and lite..
Domestic climate policy : Discuss how policy makers can incorporate the Domestic Climate Policy Framework into a widely accepted environmental policy. Provide examples.
Developing a performance appraisal system : Develop a Performance Appraisal System - A large public utility has been having difficulty with its performance evaluation system.

Reviews

Write a Review

Business Economics Questions & Answers

  What is supply-side economics

What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories being debated today? What is supply-side economics? Does it oppose the Classical, Keynesian, or Monetarist theory? How does supply-side economics affec..

  Risk premium it charges on its loans

The risk premium it charges on its loans is classified as profits in economics.

  Why marx calls it an absurd tautology that value of labour

why Marx calls it an ‘absurd tautology' that value of labour is determined by that labour. How can a tautology be absurd.

  Net after-tax cash flows-required rate of return

The financial manager at Genesis Co is looking into the purchase of an apartment complex for $150,000. Net after-tax cash flows are expected to be $60,000 for each of the next 2 years, then drop to $50,000 for two year. Genesis Co. expects to sell th..

  Determine the nature of the return to scale as exhibited

Show whether or not the above production function exhibits diminishing marginal productivity of labor. Determine the nature of the Return to Scale as exhibited by the above production function.

  Socially beneficial outcomes is talking utter nonsense

"Anyone who tells you that markets left to their own devices always lead to socially beneficial outcomes is talking utter nonsense." Do you agree with this statement? Defend your position.

  How that will affect the money demand curve

An increase in the supply of money will lead to a(n) ____ in equilibrium real GDP and a(n) _____ in equilibrium price level. To close an inflationary gap using monetary policy, the Federal Reserve should _____ the money supply to _____ investment and..

  Does convergence property imply that measure of dispersion

Does convergence property imply that a measure of dispersion of income per person across the economies will narrow over time? Absolute convergence held for US sates from 1880 to 2000. A measure of the dispersion of per capita income across the states..

  Alternative ways of helping poor people get housing

Consider three alternative ways of helping poor people get housing: government-subsidized housing costing $6,000 per year, a housing voucher worth $6,000 per year toward rent on an apartment or a house, or $6,000 per year in cash. Which would you pre..

  Key assumption lying behind policy irrelevance proposition

One key assumption lying behind the policy irrelevance proposition is that

  Statements about indifference curves is true

Which of the following statements about indifference curves is true

  What are the key contributions of small business

What are the key contributions of small business to the U.S. economy? Rank the benefits in terms of importance, and provide the reasons for your ranking.

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