28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B’s higher GDP-per-capita? (A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth. (C) Country B has lower productivity. (D) Country B has more capital.

28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B’s higher GDP-per-capita? (A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth. (C) Country B has lower productivity. (D) Country B has more capital.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....

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28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B's higher GDP-per-capita? (A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth. (C) Country B has lower productivity. (D) Country B has more capital. 29. After lockdowns were declared globally in 2020, the price of oil crashed from $64 per barrel in January to $18 per barrel in April. What is the most likely reason that lockdowns contributed to the oil price crash? (A) Supply increased due to oil companies reallocating resources to help with the COVID-19 pandemic. (B) Supply decreased due to oil workers being furloughed. (C) Demand increased from factories producing Personal Protective Equipment for essential workers. (D) Demand decreased since fewer people were commuting to work. 30. Suppose that the GDP deflator is 150, and nominal GDP is $7.5 billion. What is…
36. Which of the following will help to increase a countrys human development? a.A decrease in nominal GDP b.An increase in nominal GDP c.An increase in real GDP per capita d.A decrease in real GDP per capita
macroeconomics multiple choice question 28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B’s higher GDP-per-capita?(A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth.(C) Country B has lower productivity.(D) Country B has more capital. 29. After lockdowns were declared globally in 2020, the price of oil crashed from $64 per barrel in January to $18 per barrel in April. What is the most likely reason that lockdowns contributed to the oil price crash?(A) Supply increased due to oil companies reallocating resources to help with the COVID-19 pandemic.(B) Supply decreased due to oil workers being furloughed.(C) Demand increased from factories producing Personal Protective Equipment for essential workers.(D) Demand decreased since fewer people were commuting to work.
The real GDP per person in a country A has grown about 4 percent per year. When this country' GDP will be double?
4. Consider the following information about a developing country: Income per capita $1037 Life expectancy 43 years Adult literacy 53% Gross enrollment 46% (a) Income index = (b) Life Expectancy index = (c) Education index =
Ma1. Find a charity that you think is doing good work in a low GDP per capita (low income) nation (also pick a specific country they work in to talk about). Discuss why that nation has a low GDP per capita in the first place, and why the charity is needed. Then discuss what the charity provides and why you believe that is an economic sound approach for improving the outcome there. tips I'm not setting a GDP per capital limit to pick from, just try to pick a country on the lower end of the GDP per capita spectrum. When discussing why the nation currently has a low GDP per capita, remember to discuss both the available factors of production and the institutions and incentives that are present. When discussing how the efforts of the charity will improve the outcome, be sure to tied it back into macroeconomic theory: how will the actions of the charity contribute to more economic stability and/or greater growth and a higher living standard in the future.
Please tell me which is the correct awnser for question 1.1 below there is nothing missing please just tell me which awnser or aawnsers are correct thank you Select one or more: a. If Country C's GDP per capita rises from $2,500 to 7,500, and Country D's GDP per capita rises from $6,000 to 18,000, the ratio of GDP per capita between the two countries is unchanged. b. If a country’s GDP doubles every 50 years on a ratio scale graph against time it will rise at an increasing rate. c. Country B is growing a higher percentage rate than Country A, but Country A is 5 times richer than Country B. On a linear scale graph against time the gap between the two lines must be narrowing. d. Country E is growing at the same percentage rate as Country F, but Country E is 3 times richer than Country F. On a log scale graph against time the gap between the two lines will be constant.
1. What metrics can help analyze the economic environment of a country?
1. What do you think are the reasons why every country has different levels of economic development. 2. Which among the economic measurement is important in determining the economic development of our country.
2. a. Calculate the growth rate of economy for the year 2019 (one digit after point is sufficient in the calculation [for example 40.1%]) 2. b. If the population of the country is constant and equals to 200 people, calculate GDP per capita for the year 2018 and 2019. 2 c. An increase in GDP per capita number, does necessarily show welfare increases in the majority of the people who lives in the country? Explain. Country Name Year Exports Consumption Investment Net Exports Government Expenditure Imports Cambodia 2018 61.315 75.209 23.341 -1.699 4.904 63.014 Cambodia 2019 67.209 81.655 26.660 -1.512 5.288 68.721
1 There are positive and negative consequences to using real GDP per capita in an analysis. List one positive benefit. List one negative consequence. What is a better alternative to use to measure how much a typical person makes in a country?
The data below refers to the output produced and sold in Sustainaland; a hypothetical 2-good nation of vegans: Tofu Quinoa Year Price Quantity Price Quantity 2018 $8 300 $3 2000 2019 $9 400 $4 2500 2020 $10 500 $5 3000 (a) Calculate the percentage growth rate in nominal GDP from 2018 to 2019, and 2019 to 2020. (b) Calculate the percentage growth rate in real GDP from 2018 to 2019, and 2019 to 2020, using 2018 as the base year. (c) Calculate the GDP deflator for 2019 and 2020. (d) Using the GDP deflator, calculate the inflation rate in 2020.