Real gdp per capita in country

Reference no: EM13693992

1. In 1875, real GDP per capita in Country A is $800 and it is $3,200 in Country B. The average annual growth rate in Country A is 2 percent per year while it is 1 percent per year in Country B. In the year 2015, the levels of real GDP per capita:

A. will still be substantially higher in Country B than in Country A.

B. will be approximately equal in both countries.

C. in Country A will be approximately double the levels in Country B.

D. in Country A will be approximately one-half that of Country B.

2. Acemoglu, Johnson, and Robinson stress the importance of _________________________ as the exogenous sources of growth. A. private property rights

B. natural resources related to mining and crops

C. literacy and the scientific method

D. settler mortality and the disease environment

Reference no: EM13693992

Questions Cloud

How much will hiring these inputs cost them : Jake and Paul run a paper company. Each week they need to produce 1,000 reams of paper to ship to their customers. The paper plant's long-run production function is Q = 4 K^0.75 L^0.25, where Q is the number of reams produced, K is the quantity of ca..

Market for hospital outpatient treatment is in equilibrium : Suppose the market for hospital outpatient treatment is in equilibrium when a price ceiling is set below the equilibrium price. What do you expect to happen?

Decrease in federally-mandated auto safety requirements : Holding all else equal, a gradual decrease in federally-mandated auto safety requirements leads to an increase in

What is future worth of the investment on his 65th birthday : A 20-year-old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through 55th birthday, he plans to increase the investment on a $100 arithmetic gradient. He will not set aside additional money after hi 55th b..

Real gdp per capita in country : In 1875, real GDP per capita in Country A is $800 and it is $3,200 in Country B. The average annual growth rate in Country A is 2 percent per year while it is 1 percent per year in Country B. In the year 2015, the levels of real GDP per capita:

Whether fiscal policy and conventional monetary policy : Show a liquidity trap equilibrium in an IS-LM diagram and an AS-AD diagram. Give an explanation for the slopes and positions of the curves in the diagram. Explain whether fiscal policy and conventional monetary policy can solve the liquidity trap pro..

Consider an open economy with flexible exchange rates : Consider an open economy with flexible exchange rates. Lets IP stand for the (uncovered) interest parity condition.

Differentiate y : What is ∫3x2dx and which is equal to ∫5x4dx and also Differentiate y = (1 - 4x + 7x5)30

Mass of the cooled dehydrated salt : What would be the expected mass of the cooled dehydrated salt?

User Account

All Pages