Capita real gdp will double

Assignment Help Business Economics
Reference no: EM131692222

If population increases at an average rate of 1% per year and output increases at an average rate of 5% per year, then per capita real GDP will double in how many years.

Please show working.

Reference no: EM131692222

Questions Cloud

By how much should the airline increase fares : Management of an airline knows that 0.5% of the airline's passengers lose their luggage on domestic flights. Management also knows that the average value.
Determine whether plan could offend any of protected classes : Determine whether the plan could offend any of the protected classes. Conduct a cultural assessment of your terminology.
Artist respond to aesthetics of the renaissance tradition : Contrast the work of Donatello and Verrocchio. How does each artist respond to the aesthetics of the Renaissance tradition?
Change management strategy for the restructuring : Determine the key components of change management strategy for the restructuring (Starbucks Expansion in Asia-Pacific Region).
Capita real gdp will double : If population increases at an average rate of 1% per year and output increases at an average rate of 5% per year, then per capita real GDP.
Find the mean and the variance of the code : All voters of Milwaukee County were asked a week before election day whether they would vote for a certain presidential candidate. Of these, 48% answered yes.
Bargaining power of buyers-bargaining power of suppliers : Conduct a brief five forces analysis of the U.S. airline industry. bargaining power of buyers, bargaining power of suppliers, threat of substitutes,
Calculate the 2015 samsung inventories amount : Calculate the 2015 Samsung inventories amount as a percentage of that year's (i) total current assets, and (ii) total assets. Round your percentages
Explain the meaning of the variance of a random variable : Explain the meaning of the variance of a random variable. What are possible uses of the variance?

Reviews

Write a Review

Business Economics Questions & Answers

  Assumption made under perfect competition

Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect competition. Not assumed in perfect competition.

  Relationship between long-run and short-run total cost curve

Draw a diagram with cost curves illustrating the relationship between long-run and short-run total cost curves. Explain the tangencies between the long-run and short-run total cost curves in this diagram using another diagram containing isoquants ..

  What would nation bs best choice in regards to trade

Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model

  Linkage between investment and savings

Classical economic theory says there is a linkage between investment and savings. Explain the source of this linkage. What is the argument that says this link is not as strong as classical economists believe? (Hint: Differentiate between the parties ..

  Absence of additional income or health services

What measures can families take, even in the absence of additional income or health services, to keep their children healthy? Explain

  Discuss cabinet cos remedies and duties

Frank is the receiving dock supervisor for Cabinet Co., a company that manufactures metal storage cabinets. His job is to supervise the inspection, and stocking of components and materials used in the manufacture of the cabinets as they are delivered..

  Stafford loan has an annual interest rate

Suppose that you owe $10,000 when you graduate from college. Your Federal Stafford loan has an annual interest rate of 4.5%. If you want to pay back the entirety of your loan in ten years, what would be your total payment per month?

  Managerial control variable should be used up to the point

In order to maximize net benefits, the managerial control variable should be used up to the point where:

  Long commute to work is an undesirable characteristic

One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.

  Employer-financed retirement and health insurance plans

During World War II there was a freeze on wages, and corporations found they could evade the freeze by providing other fringe benefits such as retirement funds and health insurance for their employees. The Internal Revenue Service went along with thi..

  Regulating single monopoly firm-decreasing-cost industry

Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $10 million per year and a variable cost of $3 per bag no matter how many bags are produced. You find out that if yo..

  Measure of well-being compare to the change in gdp

The participation of women in the U.S. labor force has risen dramatically since 1970. How do you think this rise affected GDP? Now imagine a measure of well-being that includes time spent working in the home and taking leisure. How would the change 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