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- GDP decreased by 8% from March 31 to June 30, 2020. the annualized GDP growth rate for this period isStarting from year 2023 and assuming that both the annual growth rates of RGDP and population will remain at the levels in the table below, choose the correct statement: Average RGDP growth Average population Country 2010-2019 (%) growth 2010-2019 (%) China 7.68 0.56 India 6.62 1.23 Vietnam 6.58 1.02 Singapore 4.99 1.34 Data Source: World Bank O India will double its real GDP per person in 2036. Vietnam will double its real GDP per person in 2036. O Singapore will double its real GDP per person in 2043, while China 10 years earlier. O All the aboveOf the following countries, which one had the highest average growth rate per year from 1993-2012? A) China B) the United States C) India D) Japan
- If Real GDP is $22 million in 1995 and $132 million in 2005, what is the economic growth rate? (Round to the nearest whole number, i.e. 10%)If the GDP (t) of Japan is $997.50B today and this country is expecting its GDP (t+1) to be $1,076.9 next year, what is the expected growth rate?If an economy annual real GDP growth rate reduces from 8.2 percentage, its real GDP doubling time will.......... A) reduce by 3.53 year B) increase by 8.4 year C) reduce by 9.3 year D) increase by 18.5 year
- If country A has currently GDP per capita of $65,000 and economic growth rate of 2%, and Country B has GDP per capita of $12,000 with economic grow rate of 6%. Roughly in how many years country B can catch up with country A in GDP per capita? a) 26 years b) 13 years c) 44 years d) 88 yearQ)1 a) Canada's real GDP was 2,016 billion dollars in 2017 and 2,053 billion dollars in 2018. Canada's population growth rate in 2018 was 0.8 percent. Calculate Canada's economic growth rate and growth rate of real GDP per person in 2018. b) Calculate the approximate number of years it will take for real GDP per person to double if an economy maintains an economic growth rate of 12 percent a year and a population growth rate of 7 percent a year.If real GDP in Country A amounted to $1.62 trillion in 2019 and $1.71 trillion in 2018, the real GDP growth rate in this country in 2019 is: A) 5.26% B) 5.56% C) 2.47% D) -5.26% E) -5.56%
- Suppose Egypt has a real GDP per capita of $28,000. If real GDP per capita grows at a 3.5% annual rate, how long will it take for real GDP per capita to reach $70,000 in Egypt?GDP per capita in the United States was approximately $63,000 in 2020. Use the growth formula (see below) to answer the following questions: Growth formula: (future value) = (present value) × (1 + r)t present value = this year's GDP per capita future value = GDP per capita in the future r = rate of growth (in decimal form) per year What will GDP per capita be in the year 2025 if it grows each year by 2.5 percent?a) −11.27% b) −5.91% c) 2.26% d) −15.15% Refer to the table, which shows data for the United Arab Emirates (UAE). What was the economic growth rate in the UAE in 2012? United Arab Emirates Year GDP per person (constant U.S. dollars) 2007 47,283.90 2008 42,456.79 2009 36,024.06 2010 33,893.30 2011 34,634.86 2012 35,416.89
