Rate of growth, Macroeconomics

Assignment Help:

 

Rate of Growth 

Every country desires economic growth. A country's economic performance is often judged on the basis of - among other things - the rates of growth it has managed to achieve.

Normally in discussions of growth we talk of two rates of growth both expressed as percentage per annum. One is the growth rate of GDP and the other is the growth rate of per capita GDP. In both cases we are normally referring to growth in real magnitudes i.e. after adjusting for changes in prices. Growth in per capita GDP indicates how rapidly the living standards of the population are improving.

It should be obvious that the two growth rates are related to each through a third growth rate viz. population growth rate. If GDP is growing at g% per annum and population at p% per annum, per capita GDP must be growing at (g-p)% per annum. 


Related Discussions:- Rate of growth

How taxes and subsidies impact market efficiency, Analyze how taxes and sub...

Analyze how taxes and subsidies impact market efficiency. Speculate if market efficiency would be increased or decreased without issues of taxes and subsidies. Justify your respons

Lorenz curve, what do we mean when we say export are exogenous and import a...

what do we mean when we say export are exogenous and import are endogeneos?

Find out reserve-deposit ratio and currency-deposit ratio , 1.  Assume the ...

1.  Assume the required reserve-deposit ratio is 12%, and the currency-deposit ratio is 38%. How much would money supply change if the Fed made open market purchases of $100 millio

Wages, Subsistence theory of wage determination

Subsistence theory of wage determination

Internal market forces, what are some internal market forces and how is the...

what are some internal market forces and how is the outcome of output, jobs, prices, growth, and international balance

Equilibrium in the labor market, Q. Equilibrium in the labor market? E...

Q. Equilibrium in the labor market? Equilibrium in the labor market  Real wage W/P will be equal to the equilibrium real wage in the classical model

World bank, explain the functions and role of the world bank

explain the functions and role of the world bank

Introduction of Macroeconomics, Macroeconomics We have explained severa...

Macroeconomics We have explained several concepts and Macroeconomic Aggregates which form the basic terminology of macroeconomic analysis. Like other empirical sciences, econom

Strategy for p1 in this game, P2 and P3 play with a penny. P1 picks between...

P2 and P3 play with a penny. P1 picks between same (S) and different (D). After observing P1's choice, P2 and P3 get to picked Simultaneously independently either head (H) and tail

Homework Help, An unanticipated demand-pulled inflation would normally lead...

An unanticipated demand-pulled inflation would normally lead to all the following problems except?

Write Your Message!

Captcha
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