User Account

All Pages

How long will it take for china to reach the current size

Assignment Help Microeconomics
Reference no: EM13877009

The real rate of growth of the US economy is, on average, about 2.5 % annually. The Chinese economy grows, on average, at a rate of 8.5 %. According to World Bank data in 2011 the GDP of the United States and China was 14.99 and 7.31 trillion dollar, respectively. How long will it take for China to reach the current size of the US economy? Is it possible for China to overtake the United States in 21 century?

Reference no: EM13877009

Questions Cloud

Compute standard direct labor wage rate per hour in january : Standard Labor Rate and Labor Efficiency Variance Elof 's direct labor costs for the month of January. Compute Standard direct labor wage rate per hour in January and Direct labor efficiency variance.
Prepare the journal entry of mountain air company : Prepare the journal entry, if any, Required on January 1. Prepare the journal entries, if any, Required on January 2 through 15. Prepare the journal entries, if any, Required on January 17.
Create journal entry for standard direct manufacturing cost : Create journal entries for the standard direct manufacturing cost for each unit is $32. During the month, 1,000 units were produced.
Determine the optimal capital structure : Determine the optimal capital structure, the various financing options available and the debt maturity profile of the project. Discuss the merits and limitations of each form of financing proposed.
How long will it take for china to reach the current size : The real rate of growth of the US economy is, on average, about 2.5 % annually. The Chinese economy grows, on average, at a rate of 8.5 %. According to World Bank data in 2011 the GDP of the United States and China was 14.99 and 7.31 trillion doll..
Paper - major themes of school-related policies : The paper should also include the major themes of school-related policies, including consequences (both intended and unintended), the affected population, issues of measurement
Explain the theory behind the use of flexible budgets : how such systems relate to an organization's management accounting and control system; explain the theory behind the use of flexible budgets, standard costs, and variance analysis as elements of a financial control system.
What is the average annual rate of growth of the population : Assume that the population of a country grows exponentially. Suppose N5 = 20 million and N10 = 22 million. Write the expression for Nt. What is the average annual rate of growth of the population in this country? Estimate the population for year 2..
A change in procedures that would address the weakness : Indicate whether each procedure represents a strength or weakness. Explain your reasons. For each weakness, describe a change in procedures that would address the weakness.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd