Question

Use the internet to find current GDP data for the U.S. Then respond to the following...

Use the internet to find current GDP data for the U.S. Then respond to the following questions: What is the current annual GDP? What is the current GDP per capita? Is the GDP trending higher or lower, and is this trend good for the U.S.? Explain.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Current annual GDP of USA (2020) : $20140 billion

Current GDP per capita USA (2019) : $52,725

The GDP is trending lower because of the COVID-19 crisis the country is facing.

The 2020 GDP numbers have shown a dip as compared to previous years, which gives out a poor picture of the economy.

The trend is bad for the economy, as GDP numbers combined with high unemployment numbers in 2020 show that the country is heading towards another recession.

Data source: World Bank

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
GDP per Capita Growth and Rule of 72 Current Year Previous Year Growth Rate Real GDP...
GDP per Capita Growth and Rule of 72 Current Year Previous Year Growth Rate Real GDP $8.4 trillion $8.0 trillion Population 202 million 200 million GDP per Capita $ $ Formulas you could use: Growth Rate in percentage = (Current year value – previous year value)/ previous year GDP per Capita = Real GDP/population (Ch6 Section 6.4) Future value = Present value x (1 + growth rate)^number of years (Ch7 Section 7.2) Rule of 72: 72/growth rate = number of...
The following questions are about production and growth. Country Current Real GDP per capita Current Growth...
The following questions are about production and growth. Country Current Real GDP per capita Current Growth Rate A $15,468 1.98% B $13,690 2.03% C $6,343 3.12% D $1,098 0.61% Which country is the richest? How do you know? Which country is advancing most quickly? How do you know? If a country increases capital investment, what does it do to their growth rate? Why do we use GDP per capita instead of GDP itself to determine standard of living in a...
(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population...
(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population of Saudi Arabia from 2016 to 2019. Using these two figures to obtain GDP per capita for 2016 to 2019 at Current US Dollars and at Constant 2011 US Dollars. Also, find the unemployment rate and inflation rate of Saudi Arabia from year 2016 to 2019. Note that it is compulsory to put your source of data at the bottom of the table, otherwise...
Using the India as the subject Country, Answer the following 1 paragraph each. 2. In your...
Using the India as the subject Country, Answer the following 1 paragraph each. 2. In your essay, you will consider and address the following questions and points: a. What is the current state of the economy that you have chosen? Collect the latest available data on nominal GDP, real GDP, per capita real GDP, unemployment rate, inflation rate, interest rates, exchange rate(s), and any other important macroeconomic data. b. Is the country experiencing an inflationary gap or a recessionary gap?...
Please respond to the following: Use the Internet or visit the U.S. Securities and Exchange Commission...
Please respond to the following: Use the Internet or visit the U.S. Securities and Exchange Commission Website to research at least two sanctions levied against companies that have violated general accounting principles. Briefly analyze whether or not investors who were misled by relying on financial statements could hold the audit firm liable for audit failure either by common or securities laws. Provide a rationale for your response. The accounting profession has long contended that an audit conducted in accordance with...
B. Use the following model to answer the later questions GDP = 10,000,000 + 0.2 Number...
B. Use the following model to answer the later questions GDP = 10,000,000 + 0.2 Number of higher education graduates per year Which variable is dependent and which is independent What the value of the intercept means? What the slope means? How much will be the GDP per year is number of higher education graduates per year is 20 million graduates? Please explain if you can also. Thanks!!!
Country Real GDP 2014 Real GDP 2015 Blissful Acre $150,000,000 $156,000,000 Happy Haven $6,000,000 $6,300,000 Use...
Country Real GDP 2014 Real GDP 2015 Blissful Acre $150,000,000 $156,000,000 Happy Haven $6,000,000 $6,300,000 Use the table above for the following questions What is Blissful Acre’s rate of growth of real GDP? What is Happy Haven's rate of growth of real GDP? If Blissful Acre’s population growth between 2014 and 2015 is 2%, what is the rate of growth of real GDP per capita If Happy Haven’s growth rate of real GDP per capita is 2.5%, what is the...
GDP and Economic Growth 22 unread replies.22 replies. Respond to the following prompts in a post...
GDP and Economic Growth 22 unread replies.22 replies. Respond to the following prompts in a post with a minimum of 150 words, then comment on at least TWO other posts. Gross Domestic Product was designed as a measure of economic activity, specifically a measure of national production. Despite this intent, GDP is widely interpreted as a measure of economic welfare or standard of living (when measured in per capita terms). What are the shortcomings of using GDP as a measure...
Web-Based Question: Per Capita GDP and the Growth Rate of GDP Visit the CIA Factbook website  (Links...
Web-Based Question: Per Capita GDP and the Growth Rate of GDP Visit the CIA Factbook website  (Links to an external site.). Find the following information: Country Population GDP - Purchasing Power Parity GDP - real growth rate GDP - Per Capita U.S. 329.3 Mill 19.49 Trillion 2.2% $59,800 Japan 125.5 Mill 5.443 Trillion 1.7% $42,900 China 1.4 Billion 25.36 Trillion 6.9% $18,200 Compare and contrast the economies of the three countries based on the data you find. Draw some conclusions about...
The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions...
The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions of 2005 dollars), and population (in thousands) of the United States in 1960, 1970, 1980, 1990, 2000, and 2010. The U.S. price level rose consistently over the period 1960–2010. Year Nominal GDP (billions of dollars) Real GDP (billions of 2005 dollars) Population (thousands) 1960 $526.4 $2,828.5 180,760 1970 1,038.5 4,266.3 205,089 1980 2,788.1 5,834.0 227,726 1990 5,800.5 8,027.1 250,181 2000 9,951.5 11,216.4 282,418 2010...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT