Calculate economic growth rate and growth rate of real GDP

Assignment Help Business Economics
Reference no: EM131096080

China’s real GDP was 7,394 billion yuan in 2005 and 8,000 billion yuan in 2006. China’s population growth rate in 2006 was 0.5 percent. Calculate China’s economic growth rate and growth rate of real GDP per person in 2006.

Reference no: EM131096080

Questions Cloud

Spss-graphing-basic descriptive statistics : A word document containing answers to the questions below only including appropriately labeled and formatted supporting tables and graphs ~ 120 points
Extensive damage to both public and private oyster grounds : Oil spills in the Gulf of Mexico have been known to cause extensive damage to both public and private oyster grounds along the Louisiana and Mississippi shores. One way to protect shellfish along the shoreline is to release large volumes of fresh ..
Demand or supply for hairdressers when imposed : The market equilibrium wage is currently $12 per hour for hairdressers. Legislation imposed a minimum wage of $11.50 per hour. If there are no changes to either the demand or supply for hairdressers when imposed, the number of hairdressers will be?
How does cultural competency occur : The Purnell Model when working with subcultures (immigration status, gender, political beliefs, socioeconomic status, sexual orientation, educational status, etc.).
Calculate economic growth rate and growth rate of real GDP : China’s real GDP was 7,394 billion yuan in 2005 and 8,000 billion yuan in 2006. China’s population growth rate in 2006 was 0.5 percent. Calculate China’s economic growth rate and growth rate of real GDP per person in 2006.
What is the equilibrium price and quantity : In a market demand and supply equations are: The demand curve is given as: P = 68 - 2Q The supply curve is given as: P = 20 + 2Q. Assuming a perfectly competitive market, (Please show all your work): 1) What is the equilibrium price and quantity?
Describe the concept of variant characteristics of culture : Which characteristics can change and which cannot? Is equality for variant cultures typically supported in the United States? Provide examples to support your statement.
Calculate the average variable cost per bushel of wheat : The production of agricultural products like wheat is an example of a perfectly competitive industry. Answer each part of this question. A. The average variable cost per acre planted with wheat was $107 per acre. Assuming a yield of 50 bushels per ac..
Appropriate economic decisions for an organization : Analyze the data you have selected to determine how to use them to make appropriate economic decisions for an organization. As you are analyzing the data, apply econometrics methods (linear regression, statistical mathematics, nonlinear regression..

Reviews

Write a Review

Business Economics Questions & Answers

  Annual maintenance costs-what is the capitalized cost

The original cost of a certain asset is $1,592. Annual maintenance costs are projected to be $464, with periodic maintenance costs of 983 every 10 years, over an indefinite period of time. The interest rate is 2%. What is the capitalized cost?

  Economy the expectations-augmented philips curve

In a certain economy the expectations-augmented Philips curve is: Π = Πe - 2(u-u*) u* = 0,06 (natural rate of unemployment)

  Events on the market for coffee by stating

Show the effect of each of the following events on the market for coffee by stating 1) if the equilibrium price went up, down, or stayed the same and 2) if the equilibrium quantity went up, down, or stayed the same:

  Current market value of the equity

Once Bitten Corp. uses no debt. The weighted average cost of capital is 8.4 percent. If the current market value of the equity is $29 million and there are no taxes, what is EBIT? (Do not round intermediate calculations. Enter your answer in dollars,..

  Calculate the price of the bond that you are purchasing.

You are purchasing a 6-year discount bond with a face value of 441. At the time of purchase it had an interest rate of 3%. Calculate the price of the bond that you are purchasing. Please express your answer in dollars to the penny.

  What determines the impact of technological change on the

What determines the impact of technological change on the demand for education or skills? Assess the views about the effects of technology on the labour process.  Com-pare and contrast the views of Braverman, Engerman, Leontieff, Marx, and Mokyr.

  Elucidate pros and cons associated with this case

If a country desires to have stable prices (or low inflation), why not simply pass a law that prohibits firms from changing prices? Elucidate pros and cons associated with this case.

  Which determinant of demand or supply would be affected

Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected? Show graphically with before and after curves on the same axes.

  What is the gdp multiplier

Suppose investment I is 900, government purchases are 800, and net of exports are 300. What is the spending balance? What is the GDP multiplier?

  A product has a negative income elasticity

A product has a negative income elasticity. What does that measure tell us about the product? Answer should be two paragraphs.

  A firm has two variable factors of production

A firm has two variable factors of production (x, y) with a production function q(x,y) = x^1/3*y^1/3. The price of output is p, the price of factor x is wx, and the price of factor y is wy. - Find the factor demand curves x*, y*, and the optimal cons..

  What nominal interest rate is being charged on this loan

The Credit Company offers to loan a college student $6200 for school expenses. Repayment of the loan will be in monthly installments of $308.75 for 24 months.  What nominal interest rate is being charged on this loan? The nominal interest rate that i..

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