1. 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?

2. If the average growth rate of Malaysia over the fifty - year period from 1970 up to 2020 equals 2% (represented by g). What is the GDP of that country for 2020 (2020) if the GDP is $1,546B and the formula is represented by the following growth rate: 2020 = (1 + )^.

3. Real GDP per capita in 1984 for Indonesia was $546, it grew over a 36 - year period to $2374. Determine its growth rate using this formula: = (1 + )^.

4. The annual growth rate (g) and investment rate are given by 5.8% and 23.10% respectively. The Harrod - Domar model assumes that the investment rate equals the saving rate (s), so the saving rate is 23.10%. To calculate the incremental capital-output ratio, ICOR (v), use the Harrod - Domar equation given by = / or to account for a zero value of depreciation you have to use this formula, = /.

5. In Indonesia, the given ICOR (v) is 2.50 and the targeted annual growth rate is 8% (g), solve for the required saving rate (s) to achieve the targeted value.

6. If the ICOR (v) in the Philippines is 2.50, the saving rate (s) is 27% what is the expected growth rate (g) in the Philippines given the Harrod - Domar equation, = /.

7. If the residual (a) equals zero, the annual labor force rate ( ) is 2.7%, the annual capital stock growth rate equals 4% () and the labor's share of national income ( ) is 55% and the capital's share of national income () is 45%, what is the growth rate of national income ()? CLUE: () = a + ( )* ( ) + ()*().