If these growth rates continue, in what year would real GDP be twice what it was in

Question:

If these growth rates continue, in what year would real GDP be twice what it was in 2006?

Use the following information to work Problem. China’s growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: May 21, 2018 06:14 AM

See More Questions

If these growth rates continue, in what year would real GDP per person be twice what it was in 2006? Use the following information to work Problem. Chinas growth rate of real GDP in 2005 and 2006 was...
If in 2010 Chinas real GDP is growing at 9 percent a year, its population is growing at 1 percent a year, and these growth rates continue, in what year will Chinas real GDP per person be twice what...
If in 2008 Chinas real GDP is growing at 9 percent a year, its population is growing at 1 percent a year, and these growth rates continue, in what year will Chinas real GDP per person be twice what...
Write a SET client SpellChecker that takes as a commandline argument the name of a file containing a dictionary of words, and then reads strings from standard input and prints any string that is not...
Molybdenum (Mo) forms a substitutional solid solution with tungsten (W). Compute the number of molybdenum atoms per cubic centimeter for a molybdenum-tungsten alloy that contains 16.4 wt% Mo and 83.6...
Task uncertainty: What is the level of uncertainty in the tasks of your organization or in the last organization you worked in? Circle the one below that best describes your organization: Low Medium...
2 Is it likely that the doctor would have reached similar conclusions if an interpreter had been used?
Ashland Corporation, a merchandising firm, is preparing its cash budget for October. The following information is available concerning its inventories: Inventories at beginning of October...
Desert Trading Company has issued $100 million worth of long-term bonds at a fixed rate of 10%. The firm then enters into an interest rate swap where it pays a LIBOR rate of 5% and receives a fixed...
Using both the liquidity preference framework and the supply and demand for bonds framework, show why interest rates are procyclical (rising when the economy is expanding and falling during...
What are the two key issues to deal with during the maintenance career stage?
Thinking about the perpetual motion machine of economic growth, what are the missing ingredients that make some of todays amazing technologies fail to deliver faster economic growth? Dear Silicon...
Consider a 3-m 3-m 3-m cubical furnace. The base surface of the furnace is black and has a temperature of 400 K. The radiosities for the top and side surfaces are calculated to be 7500 W/m 2 and...
the assessment include developing gantt chart, work breakdown structure and and all task 3 are related to its respective task 2. all the instructions are given in the assignment itself. Assessment...
Mens heights are normally distributed with mean 68.6in. and standard deviation 2.8in. Air Force Pilots The U.S. Air Force required that pilots have heights between 64 in. and 77 in. Find the...
Swain Athletic Gear (SAG) operates six retail outlets in a large Midwest city. One is in the center of the city on Cornwall Street and the others are scattered around the perimeter of the city....
ACC1810 - PRINCIPLES OF FINANCIAL ACCOUNTING Project 11: Chapter 11 - Stockholders' Equity Part B: Financial Statements The accounts of Rehearsal Corporation are listed along with their adjusted...
Match the term to the description. Outcome evaluation Focuses on the accomplishments and impact of a service, program, or policy and its effectiveness in attaining its outcomes set prior to...
Solve the following inequalities. Then draw the solution on a number line and express it using interval notation. 3 < 2x1 < 5
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
When Ali allocates his budget so as to maximize his utility, what does he buy and what is the marginal utility per dollar? The table shows the marginal utility that Ali gets from smoothies and...
When Ali allocates his budget so as to maximize his utility, what does he buy and what is the marginal utility per dollar? The table shows the marginal utility that Ali gets from smoothies and...
When Ali allocates his budget so as to maximize his utility, what does he buy and what is the marginal utility per dollar? The table shows the marginal utility that Ali gets from smoothies and...
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...

If these growth rates continue, in what year would real GDP be twice what it was in

Question:

Step by Step Answer:

Using the Rule of 70 Chinas real GDP do...View the full answer

Foundations of Macroeconomics

Students also viewed these Business questions