Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948.

Question:

Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.

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

Step by Step Answer:

Related Book For book-img-for-question

Economic Growth

ISBN: 9780273769293

3rd Edition

Authors: David N Weil

See More Books

Question Posted: Oct 22, 2024 11:00 AM

See More Questions

Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948. Using the rule of thumb for the doubling rate, approximate the annual growth rate of GDP per capita. Thank...
If employers win major wage concessions in many industries, what will be the effect on short-run aggregate supply? Question 1 options: It will shift right (a decrease in aggregate supply). It will...
Using the GDP deflator in Table 10, calculate the average annual inflation rate that the U.S. experienced over the period beginning with the year of your birth and ending with 2022. (Note: You do not...
The membrane filter technique is used to test a polluted water sample for coliform group. Three different dilutions of the water sample were prepared and each was filtered through 5 filter membranes....
The expected number of miles traveled over a vehicle's life has risen to 180,000 miles in 2001 from 128,000 in 1977. However, new car buyers tend to keep their cars about the same length of time...
Morality clearly enters this case. In what way does Bieber argue that morality supports his claim?
Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.
Mac-in-the-Box, Inc. sells computer equipment by mail and telephone order. Mac sells 1200 flat-bed scanners per year. Ordering cost is $300 and annual holding cost is 16 percent of the items price....
i need only that answer whic is wrong so plz for part a 141677 is wrong answer and in this only 251852 is wrong a. What was the depreciation for the first year? Round your intermediate calculations...
How fast would a country have to be growing to double its output in nine years? You should answer this question using the rule of 72, not a calculator.
Suppose that the entire population of the world consists of four people, divided into two countries of two people each. The following table shows data on their income and nationality. Based on this...
4
Given the concepts in the unit, which of the following statements is true? a. You receive 2 utility from meeting with your friends and your mom receives 2 utility from meeting with her friends. You...
Pharoah Company uses a job-order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department D, direct...
Pigeon Corporation acquired an 80% interest in Statue Company on January 1, 2011, for $90,000 cash when Statue had Capital Stock of $60.000 and Retained Earnings of $40,000 The fair value/book value...
Carla Vista Windows manufactures and sells custom storm windows for enclosed porches. Carla Vista also provides installation service for the windows. The installation process does not involve changes...
Required information Exercise 8-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4, 8-5 [The following information applies to the questions...
An 820-turn wire coil of resistance 24.0 Ω is placed around a 12 500-turn solenoid 7.00 cm long, as shown in Figure P32.68. Both coil and solenoid have cross-sectional areas of 1.00 x 10-4 m2....
Explain the differences and similarities between fringe benefits and salary as forms of compensation.

Suppose that in a particular country, GDP per capita was $1,000 in 1900 and $4,000 in 1948.

Question:

Step by Step Answer:

Economic Growth

Students also viewed these Business questions