What is the growth rate of its gdp

Reference no: EM13188695

Suppose an economy's real GDP is $50,000 in year 1 and $55,000 in year 2.
What is the growth rate of its GDP? Assume that population was 100 in year 1 and 105 in year 2. What is the growth rate in GDP per capita?

Reference no: EM13188695

Questions Cloud

Determine the commissions paid to specific employees : Design a query that will allow the finance department to determine the commissions paid to specific employees of the sales department for the month of December.

What biases or preconceptions did the author reveal : After choosing the topic do the article review which includes following steps a. a short summary that clearly covers all of the fey elements in the article. this summary must show that you carefully read and understood the content of the article.

Impaired depth perception-poor coordination : Impaired depth perception, poor coordination, increased aggression, and poor sexual performance are all symptoms of increased use of?

What is the full path the to location of the web application : what is the full path the to location of the web application directory for the cset-test web application and what is the full path to the main.jsp file for the cset-test web application?

What is the growth rate of its gdp : Suppose an economy's real GDP is $50,000 in year 1 and $55,000 in year 2. What is the growth rate of its GDP Assume that population was 100 in year 1 and 105 in year 2. What is the growth rate in GDP per capita

Mass of a central object like the sun to orbits of planets : What happens if we double the mass of a central object like the sun to the orbits of the planets? Would they have to move faster or slower to maintain their orbits. Generally, how does gravity depend on the masses and separations of objects?

What you expect to happen to the number of firms : Consider a perfectly competitive market. Analyze and explain in detail using graphical tools to show what you expect to happen to the number of firms and firm profitability in the short run and long run a) if demand for the product falls and b) if..

Which will not cause a decrease in the demand for apples : Suppose we observe that as a firm decreases its price its total revenue decreases. Which of the following is a possible value of its price elasticity of demand. Which of the following will not cause a decrease in the demand for apples.

Provide an entity relationship model : Provide an Entity Relationship Model (ERM) that will describe the data structure that will store all data elements and analyze the university's requirements and provide a proposal to organize all the required data elements.

User Account

All Pages