1. The GDP per-capita increased from $25,887 in 2016 to $27,036 in 2017 for a fictitious country named Pamopolis. What was the growth rate in 2017?
2. The fictitious country of Pamopolis saw its GDP per-capita increase from $692 in 1875 to $3,753 in 1918. What was the average annual growth rate over this time?
3. The fictitious country of Pamopolis is expected to have an average annual growth rate of GDP per-capita of 1% for the foreseeable future. How many years will it take Pamopolis's GDP per-capita to double?
4. You're given the following two equations representing the market for loanable funds : Q_L = 11.8 + 3.9r Q_L = 50.1 - 3.2r . What is the equilibrium real interest rate?
5. You're given the following two equations representing the market for loanable funds: Q_L = 16.1 + 2.8r Q_L = 93.3 - 2.7r . What is the equilibrium quantity of loanable funds?
6. You're given the following two equations representing the market for loanable funds: Q_L = 14.1 + 3.9r Q_L = 93.1 - 2.9r . What is the vertical-intercept value?
7. You're given the following two equations representing the market for loanable funds: Q_L = 20 + 2.2r Q_L = 67 - 3.3r . What is the horizontal-intercept value of the supply of loanable funds curve?
8. Using the following data, calculate public savings for a closed economy. Please round to 1 decimal place. Remember, negative numbers are OK for public savings. Y = 13 C = 7.4 I = 1.3 TR = 0.7 T = 3
9. Using the following data, calculate government purchases for a closed economy. Please round to 1 decimal place. Y = 13 C = 7.2 I = 2.2 TR = 1.2 T = 3.2
10. Using the following data, calculate private savings for a closed economy. Please round to 1 decimal place. Y = 12.8 C = 6.6 I = 2 TR = 0.8 T = 2.1