Compute the percentage increase in real gdp per person

Assignment Help Macroeconomics
Reference no: EM13177633

Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005.

Year REAL GDP (2000 prices) population

1987 $6,435,000 million 243 million
2005 $11.092,000 million 296.6 million

Reference no: EM13177633

Questions Cloud

Determine how many judges the city needs : To avoid creating a backlog, all cases must be handled by the end of December. Formulate a linear program that can be used to determine how many Judges the city needs.
What is the shortest length of fence : What is the shortest length of fence that the rancher can use? Note: The answer to this problem requires that you enter the correct units.
How many of each type should be hired to minimize total hour : If the wages per hour are $10, $15, and $18 for low, medium, and high skilled, respectively, how many of each type should be hired to minimize total hourly wages?
Find the sample standard deviation : Four marbles are chosen without replacement from a box containing 11 red, 9 blue, and 4 yellow marbles. Let X be the number of blue marbles chosen.
Compute the percentage increase in real gdp per person : Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population 1987 $6,435,000 million..
What is the rejection region : A business journal investigation of the performance and timing of corporate acquisitions discovered that in a random sample of 2,963 firms, 610 announced one or more acquisitions during the year 2000.
Compute the answer to the nearest dollar : a couple just had a baby.how much should they invest now at 5.5% compounded daily in order to have $40,000 for the child's education 17 years from now? compute the answer to the nearest dollar.
Find highest profit or lowest loss availability to this firm : What is the highest profit or lowest loss availability to this firm? c. Should this firm operate or shut down in the short run? Why? d. What is the relationship between marginal revenue and marginal cost as the firm increases output?
Explain backward-bending supply curves in the wage : Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.Hourly Wage Hours per week

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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