Question

How much more (or less) output will the average American have next year if the $18...

How much more (or less) output will the average American have next year if the $18 trillion GDP grows (or contracts) by: 2% > 5%? -1%? (Assume the population is 320 million)

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

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
Answer the following questions. Instructions: Enter your responses rounded to the nearest dollar. a. How much...
Answer the following questions. Instructions: Enter your responses rounded to the nearest dollar. a. How much more output does the $20 trillion U.S. economy produce when GDP increases by 1.0 percent? $ billion b. By how much does this increase per capita income if the U.S. population is 340 million?
Country X's population was approximately 1.2 billion (or 1,200 million). That same year, Country Y's population...
Country X's population was approximately 1.2 billion (or 1,200 million). That same year, Country Y's population was approximately 900 million. With which of the following real GDP would Country X's standard of living have been considered higher than Country Y's that year? 1 Country X's real GDP = 900 billion; Country Y's real GDP = 500 billion 2 Country X's real GDP = 24 trillion; Country Y's real GDP = 19 trillion 3 Country X's real GDP = 18 trillion;...
12. Suppose that real output for a small developing country in year 1 is $1.9 billion...
12. Suppose that real output for a small developing country in year 1 is $1.9 billion and that population is 2.1 million. Instructions: In parts a and b, round your answers to the nearest dollar. a. What is per capita GDP?      $ b. If real output in year 5 increases to $2.2 billion and population increases to 2.5 million, what is the new per capita GDP?      $ c. Has the average standard of living for this small developing...
a sample have 10 students the average score in math is less than the average in...
a sample have 10 students the average score in math is less than the average in english x1= test scores in math x2= test scores in english assume the scores follow normal distribution let u1 be the population mean of math scored let u2 be the population mean of english score the score are given below student. math. english 1. 18. 22 2. 22. 24 3. 19. 16 4. 23. 19 5. 20. 21 6. 18. 18 7. 16. 17...
A. You have just been notified that you will receive  $8,800 a year for the next 18...
A. You have just been notified that you will receive  $8,800 a year for the next 18 years from an inherited trust. If the interest rate is 13 percent, how much should you be willing to accept today in exchange for the annual payments? (Enter your answer as a positive number rounded to 2 decimal places.) B. You just won the $41 million lottery. You will receive $2.1 million a year for the next 15 years plus an additional payment of...
1. the larger the MPC, the a) larger the marginal propensity to save b) higher the...
1. the larger the MPC, the a) larger the marginal propensity to save b) higher the income level of the economy c) smaller the change in income derived from a given change in government spending d) larger the multipler 2. With respect to the AE= output model, if aggregate expenditures (aggregate demand) is $28 trillion and aggregate output is $27.7 trillion a. business will accumulte inventories and output will decline b. inventory will be depleted leading to an increase in...
1. American General offers a 18-year annuity with a guaranteed rate of 7.91​% compounded annually. How...
1. American General offers a 18-year annuity with a guaranteed rate of 7.91​% compounded annually. How much should you pay for one of these annuities if you want to receive payments of ​$900 annually over the 18 year​ period? 2. A sailboat costs $29,546. You pay 20% down and amortize the rest with equal monthly payments over a 11​-year period. If you must pay 6.6% compounded​ monthly, what is your monthly​ payment? How much interest will you​ pay?
You are set to receive an annual payment of $12,200 per year for the next 18...
You are set to receive an annual payment of $12,200 per year for the next 18 years. Assume the interest rate is 7.1 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year? Multiple Choice $8,650.65 $8,380.31 $7,704.48 $8,109.98 $9,083.18
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...
How much money would you have in a year if you put $1,000 in the bank...
How much money would you have in a year if you put $1,000 in the bank at an annual interest rate of 3 percent? How much would you have if you left all of that money in the bank for another year and annual interest rates increased to 4 percent in the second year? How much would you loan your brother-in-law if he said he could repay you $100 in six months, $200 in a year, and $500 in two...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT