Question

Mexico’s Real GDP was 13,773 billion pesos in 2014 and 14,135 billion pesos in 2015. Mexico's population growth rate in 2015 was 1.1 percent. Calculate The growth rate of real GDPin 2015.

Calculate the growth rate of real GDP per person in 2015.

Calculate the approximate number of years it takes for real GDP per person in Mexico to double if the 2015 growth rate of real GDP and the population growth rate are maintained.

Answer #1

Japan 's real GDP was 510 trillion yen in 2014 and 517 trillion
yen in 2015 . Japan 's population growth rate in 2015 was minus
0.1 percent. Calculate a. The growth rate of real GDP. b. The
growth rate of real GDP per person. c. The approximate number of
years it takes for real GDP per person in Japan to double if the
2015 growth rate of real GDP and the population growth rate are
maintained. The growth rate...

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...

In 2015, real GDP was SAR 12,247 billion. In 2018, it was
SAR13,206 billion. During the same period, the Saudi population
rose from 22.9 million to 25.4 million. a. Calculate real GDP per
capita in 2015 and 2018. By what percentage did output per person
grow over this period? b. Suppose that real GDP grown by 3% each
year from 2015 to 21018, what would real GDP have been in 2018?

1. Suppose that the annual rates of growth of real GDP of
Econoland over a five-year period were sequentially as follows: 3
percent, 1 percent, -2 percent, 4 percent, and 5 percent. What was
the average of these growth rates in Econoland over these 5 years?
What term would economists use to describe what happened in year 3?
If the growth rate in year 3 had been a positive 2 percent rather
than a negative 2 percent, what would have...

The following table provide some data
for the Canada in 2019.
Items
Billion of $
Wages paid to labour
685
Consumption expenditure
791
Taxes
394
Transfer payments
276
Profits
273
Investment
209
Government expenditure
267
Exports
322
Saving
38
Imports
366
a. Answer the following questions based on above table
i. Calculate Canada GDP.
ii. Explain the approach (expenditure or income) that you used
to calculate the Canada GDP.
b. Malaysia’s real GDP was $560 billion in 2010 and $570...

Suppose real GDP in the U.S. was $19,000 billion in 2019 and
$18,900 billion in 2020. Assume that population in the U.S. was
0.32 billion in 2019 and 0.35 billion in 2020.
a. What was the growth rate of real GDP from 2019-2020?
b. Calculate GDP per capita in both 2019 and 2020.
c. What was the growth rate of real GDP per capita from
2019-2020?

Last year real GDP in an imaginary economy was $10 billion and
the population was 2 million. This year, real GDP is $12 billion
and the population was 2.2 million. What was the growth rate of
real GDP per person during the year?

Last year Panglossia had real GDP of 27.0 billion. This year it
had real GDP of 31.5 billion. Which of the following changes in
population is consistent with a 5 percent growth rate of real GDP
per person over the last year?
The population decreased from 88 million to 84 million.
The population decreased from 75 million to 73 million.
The population increased from 45 million to 50 million.
The population increased from 60 million to 62 million.
Can someone...

3. You are provided below Philipines GDP (in
thousands of pesos) for 2015 to 2018.
a. Calculate real GDP and GDP growth:
Year
GDP at Current Price
Deflator
Real GDP
GDP Growth
2015
1,260,009
250.6691
2016
1,373,027
263.7922
2017
1,434,553
262.3692
2018
1,478,707
269.5759
Please explain how u did it

Please, I need full explanation and correct answers.
1) In 2012, Northland had real GDP of $4.21 billion and a
population of 2.98 million. In 2013, real GDP was $4.59 billion and
population was 2.97 million. What was Northland's growth rate of
real GDP in 2013? 1) _______
A) 0.38 percent
B) 11.1 percent
C) 9.0 percent
D) 8.3 percent
E) 3.8 percent
3) Using the Rule of 70, if the country of Flowerdom's current
growth rate of real GDP...

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