US real GDP 2021: $21.12T. US population: 330 million. China real GDP 2021 $12T. China population: 1.5 billion. (these figures are hypothetical). Assume the Chinese real GDP is growing at 7%/year. a. what will be the (approximate) Chinese real GDP in 2031? b. In what year will Chinese real GDP per capita equal (approximately) the 2021 US real GDP per capita?
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a. what will be the (approximate) Chinese real GDP in 2031?
b. In what year will Chinese real GDP per capita equal (approximately) the 2021 US real GDP per capita?
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- According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: The G D Ps are as follow: United states, 21.43; China, 14.24; Japan, 5.08; India, 3.87; Great Britain, 2.83; Russia, 1.70; Mexico, 1.27; Sweden, 0.53; Greece, 0.21; Haiti, 0.08. Instructions: Round your responses to the nearest whole number. Russia? _________% larger Germany? ________% largerRefer to Table 4.3 “The Model’s Prediction for Per Capital GDP” on page 83. Why is the “observed per capita GDP” in the last column 1.000 for the U.S.? A. The U.S. per capita GDP was $1,000 in real terms for the year given in the table B. It means the U.S. economy produces 100% of what it’s supposed to produce C. It means the U.S. economy uses 100% of all available capital in the country D. U.S. values are set, or normalized, to 1 while the other countries’ values are all relative to the U.S. valuesMacmillan Learning Suppose that the GDP of California increases by 12% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal. duration for California's GDP to double: Suppose that the GDP of Oregon today is exactly twice what it was 22 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal. average annual growth for Oregon: years % each year
- An economy starts off with a per capita GDP of $4100. How large will per capita GDP be if it grows at an annual rate of 3.4% for 30 years. (Please round your answer to use 2 decimal places.)Suppose that the GDP of California increases by 8.0% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal. duration for California's GDP to double: Suppose that the GDP of Oregon today is exactly twice what it was 17 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal. average annual growth for Oregon: years % each yearAccording to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: The G D Ps are as follow: United states, 21.43; China, 14.24; Japan, 5.08; Germany, 3.86; India, 3.87; Great Britain, 2.83; Russia, 1.70; Mexico, 1.27; Sweden, 0.53; Greece, 0.21; Haiti, 0.08. Instructions: Round your responses to the nearest whole number. Russia? ______ % larger Germany? ______ % larger
- The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population completed in mid-2014. Value $18,121.00 billion $19,027.05 billion 329.00 million 332.29 million Real GDP 2018 Real GDP 2019 Population 2018 Population 2019 The real GDP growth rate between 2018 and 2019 will be %. (Round your response to two decimal places.) The population growth rate between 2018 and 2019 will be %. (Round your response to two decimal places.) Per-capita GDP in 2018 is projected to be $ (Round your response to two decimal places.) Per-capita GDP in 2019 is projected to be S|(Round your response to two decimal places.) The per-capita GDP growth rate between 2018 and 2019 will be %. (Round your response to two decimal places.) Enter your answer in each of the answer boxes. lenovo V560China's economy to grow 8% annually from 2006 to 2010 The Chinese economy is expected to grow at a rate of 8 percent a year between 2006 and 2010. China's goal is to quadruple its GDP. By the end of 2010, China's GDP will be equal to US $2.3 trillion or US $1,700 per person (2005 dollars) and by 2020, China's GDP will be equal to US $4.7 trillion, or US $3,200 per person. What is the population growth rate assumed in the calculations of GDP per person from 2010 to 2020? The population growth rate over the ten year period from 2010 to 2020 is Source: China Daily, March 21, 2005 percent. O A. 19.25 В. 16.1 O C. 0.015 D. 88.2 Click to select your answer. MacBook Air DII 20 000 000 F11 F12 F9 F10 F6 F7 F8 esc F3 F4 F5 F1 F2 & ! @ 2$ %3D delete 4 5 6. 7 8 1 2 { P T Y Q W tab G H J K A S D F caps lock 7 N M V X ~の B # 3If real GDP grows at an annual rate of 4.7% and the population grows at an annual rate of 1.5%, then at approximately what rate is real GDP per capita growing? Round to one decimal place. ASUS
- The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population completed in mid-2014. Value Real GDP 2018 $18,121.00 billion Real GDP 2019 $19,027.05 billion Population 2018 Population 2019 329.00 million 332.29 million The real GDP growth rate between 2018 and 2019 will be 5 %. (Round your response to two decimal places.) The population growth rate between 2018 and 2019 will be 1 %. (Round your response to two decimal places.) Per-capita GDP in 2018 is projected to be $. (Round your response to two decimal places.) Per-capita GDP in 2019 is projected to be $ (Round your response to two decimal places.)in england, suppose GDP per capita grows by 3.0% per year for 19 years. by how many times does this economy grow?Suppose China’s GDP is growing by 7% a year and its population grows by 1% a year. Also suppose that US GDP grows by 3% a year and its population grows by 1% a year, and that in 2019 US GDP is 1.5 times China’s while US population is one quarter of China’s. If these growth rates continue By what year will China’s GDP double? Its population? Its per capita GDP?In what year will China’s GDP equal US GDP?In what year will China’s GDP per capita equal US GDP per capita?