How much was the growth rate of real gdp per capita

Assignment Help Macroeconomics
Reference no: EM13337235

Suppose the real GDP of a country increased from 2,000 billion to 2,100 billion in one year. In the same year, population growth rate was 3%. How much was the growth rate of real GDP per capita in that year?

Reference no: EM13337235

Questions Cloud

What is the velocity of the third piece : An object at rest explodes into three peices of equal mass. One moves east at 20 m/s; What is the velocity of the third piece
Show how it relates the ad-as model : Show how it relates the AD-AS model,increasing budget deficits will make the economic recovery uncertain and will hamper future economic growth.”
Define assuming that ho and so hardly change with temperatue : A particular reaction has a ?Ho value of -118 kJ and ?So of 47 J/mol K at 298 K. Calculate ?Go at 349 K in kJ, assuming that ?Ho and ?So hardly change with temperature
Use the high-quality laundry service : Suppose you use the high-quality laundry service but, because it is expensive, you send out only some of your clothes. What factors might influence whether you send a particular item of clothing out to the service or wash it?
How much was the growth rate of real gdp per capita : Suppose the real GDP of a country increased from 2,000 billion to 2,100 billion in one year. In the same year, population growth rate was 3%. How much was the growth rate of real GDP per capita in that year?
Calculate the sales mix variance : Prepare an absorption costing income statement and calculate the sales mix variance
Explain volume did the gas have on the day it was collected : A scientist has a sample of gas that was collected several days earlier. The sample has a volume of 392 cm3 at a pressure of 0.987 atm and a temperature of 21°C.
High-quality laundry service that picks up laundry : The article describes a special, high-quality laundry service that picks up laundry and washes it for customers. In the area where it is offered, some families use it and others don't. What do you expect are the key differences between these two type..
What is the velocity of student and skateboard : A student m1 = 70 kg runs towards his skateboard, which has a mass m2 = 2.6 kg and is d = 2.8 m ahead of him. What is the velocity of student and skateboard

Reviews

Write a Review

Macroeconomics Questions & Answers

  Determine an increase in autonomous spending

If society wants aggregate demand to increase without changes in the price level, then there must be a)a gap between full employment and the current level of real GDP and an increase in autonomous spending b)an increase in autonomous spending

  Experience of most recent recession

When a recession is over, do people begin to immediately feel the effects of an efficient economy? Use the experience of the most recent recession to justify your answer.

  Sources for real gdp and producer price index

Differentiate at least two 2-year forecasts from separate sources for real GDP and Producer Price Index

  Decline of the personal saving rate

During the 1990s, age cohort that grew the most rapidly was the 45-54 cohort, which has highest saving rate. Yet during that same period,

  Describe the inter-temporal price discrimination

Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year then compute the optimal pricing scheme of the iPhone.

  Comparitive advantage for two countries

Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:

  Why is the demand for a mercedes more elastic than

Why is the demand for a Mercedes more elastic than the demand for all autos? Be sure to list at LEAST two reasons for this and explain them.

  What is the justification for a subsidy program

Show that it is also possible that the government can give the consumer a cash grant of less than $100 (thus lowering the cost to the government) and the individual will be no worse off than under the food stamp program.

  Discuss the strengths and weaknesses of such an application

Discuss the strengths and weaknesses of such an application. In your answer, include a discussion of the three types of demands for money using the Keynesian model.

  Statement related to labor and wage theory

Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..

  What are various practical things you could do to raise

As a manager what are various practical things you could do to raise utility for employees that also benefit the firm

  Application of protective tariffs

"The United States can manufacture X more efficiently than can Great Britain. Yet we import X from Great Britain." Explain

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