Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Could anyone help me please? Thanks. Last year, Chuckistan had real GDP of $90 billion and a population of 1 million. This year, real GDP

Could anyone help me please? Thanks.

image text in transcribed
Last year, Chuckistan had real GDP of $90 billion and a population of 1 million. This year, real GDP was $50 billion and population was 2 million. What was Chuckistan's growth rate of real GDP this past year? Round to one decimal, and add units at the end. Answer: X (-66.7) X (6) Question 2 0 / 1 point Last year, Chuckistan had real GDP of $140 billion and a population of 2 million. This year, real GDP was $120 billion and population was 1 million. What is the per capita real GDP this year? Round to two decimals, and add units at the end. Answer: 74.4 X (100.00) |% X ($) Question 3 0 / 1 point Last year, Chuckistan had real GDP per capita growth of 0.1%, and this year, 5% . How long will it take for this economy to double its GDP at the current rate of growth? Round to one decimal. Answer: 14 X (14.0)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Environment

Authors: Jeffrey F Beatty, Susan S Samuelson

3rd Edition

0324537115, 9780324537116

More Books

Students also viewed these Economics questions

Question

Solve: (5)*+1 = 25x

Answered: 1 week ago