A 75 percent of the population in a country is employed and average labour productivity equals $23,000. Calculate real GDP per person B. If real GOP per person in a country equals $26,000 and 60 percent of the population is employed. Calculate average labour productivity

Q: Fill in the blanks in the table below. Nominal Population growth 3% 0% Country Inflation Real GDP…

A: As per the fisher's equation, Real GDP growth rate = Nominal GDP growth rate - Inflation rate r = n…

Q: 2. In what sense is real GDP per capita measure of standard living? a

A: Since you have mentioned to answer only question 2, we will answer only this particular question for…

Q: Considering the determinants of productivity, in a few paragrahps list and explain some things that…

A: The efficiency with which the different resources are utilized with a country's economy to produce…

Q: Year Honinal GDP GDP deflator Real GDP Population $1, 000, 000 $1. 050, 000 (2012 dollars) $1, 000,…

A: A country’s nominal GDP measures the GDP at the current prices, unadjusted for inflation. Real GDP,…

Q: List and describe 3 factors of labour productivity.

A: Labor productivity: - Labor productivity is the capacity or ability of labor to produce goods and…

Q: Suppose that 25 yean ago a country had nominai GDP of 1000, a GDP deflator of 200, an opulation of…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: Explain why the positive growth rate of RGDP, which is already adjusted for inflation, doesn’t…

A: The GDP is a metric that reflects both the economy's total income and total expenditure on goods and…

Q: Physical Capital Labor Force Physical Capital per Worker Labor Hours Output Labor Productivity Year…

A: * ANSWER :-

Q: a. If the GDP deflator is 125 in a country whose real GDP is calculated as 400 billion TL in 2019,…

A: a) According to the question, GDP deflator in year 2019 is 125, real GDP in year 2019=400 billion…

Q: If 2020 GDP is $12 trilion and is growing rate of 5% per year, in what yeah will GDP reach $24…

A: In 2020 GDP is $12 trillion The growth rate is 5% We have to find the number of years it will take…

Q: QI/ In terms of base year dollar value and for a particular time, a company produced an output equal…

A: Labour productivity is calculated through the division of total output by the total labour. Thus,…

Q: Economist believe there is a strong correlation between productivity and the standard of iving?…

A: There is a strong and positive relationship between productivity and living standards. The rise in…

Q: a. Considering the determinants of productivity, list and explain some things that would tend to…

A: Since, you have asked more than one question , we will be answering the first one for you. If you…

Q: Assume GDP of a (tiny) country at time zero is equal to $153.00. Calculate GDP 17 years later if the…

A: Let the present value = 153. Rate of growth = 7% = 0.07 T = 17 years

Q: d) What is the growth rate of real GDP during year 2

A: The nominal and real GDP are as follows: Year Nominal GDP Real GDP Year 1 2000 2000 Year 2…

Q: Suppose a country produces only four final goods (Table 1). Calculate the country's nominal and real…

A: Given,   Quantity in 2018 Price in 2018 Quantity in 2019 Price in 2019 Food 100…

Q: In your opinion, which country performed best during 2019-2020? Provide three reasons а. to support…

A: Economic growth is an increase in the production of goods and services in a country. It compares…

Q: a.Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates…

A: a) The factor that leads to Fall in GDP are as follows:Fall in Aggregate demand: The fall in…

Q: Questión b Suppose GDP per capita is $2,500 in 1912 and $2,550 in 1913. The growth rate of GDP per…

A: The per capita gross domestic product (GDP) is a financial measure that calculates a country's…

Q: In a small economy the real GDP in year 1 is $ 5000 bn and in year 2 it is $ 5500 bn. What is the…

A: The sustained rise in the production of goods and service is called economic growth. The growth…

Q: 892.8 834.9 725.8 growth rate of real GDP for 1930?

A: GDP of a country is the aggregate value of goods and services produced by the nation in a year. When…

Q: How docs the rate of population growth influence thelevel of GOP per Jl<'rson?

A: The "population growth rate" is the pace at which a population's number of individuals grows over…

Q: Level of GDP in year 0 equals 100. In the next four years rate of nominal annual GDP growth is…

A: Year 0 Nominal GDP = 100 Annual Growth Rate = 7% = r Year 1 Nominal GDP = Year 0 GDP x (1+r) = 100 +…

Q: gives 4 US government current policies that affect the real GDP growth, labor force participation…

A: GDP: The gross domestic product, or GDP, can be defined as the final value of the goods and services…

Q: Most economists are_____ that natural resources will eventually limit economic growth. As evidence,…

A: Economics is all about studying the human behavior that how they use the economic resources, that…

Q: Calculate gross and net economic growth rate between $10 trillion to $15 trillion economies with 4%…

A: Value of economies increases from $10 trillion to $15 trillion Gross economic growth = [($15…

Q: In turaa Itd. the total no. of units produced are 234k and the labour input was 20% of output and…

A: Single factor productivity = Number of inputs / Number of outputs

Q: In 1988 the value of RGDP was $9,000.38 billion and the population was 298.32 million. What was the…

A: Real GDP is one of the significant measures of increment in income level or economic growth. It…

Q: a. The steady-state capital stock per worker for this economy is (Round to two decimal places as…

A: Below is the given values: Per worker production function, y = 10K0.3 Depreciation rate = 14% The…

Q: Considering the determinants of productivity, list and explain some things that would tend to…

A: The volume of output divided by the volume of inputs is commonly referred to as productivity. In…

Q: China's economic growth in 2015 is slowest in 25 Years China's growth rate slowed to an annual rate…

A: Answer; Here we will use Rule 70 :   Number of years to double = 70/Annual growth rate%…

Q: A major reason to explain economic growth in the US in the 19th century including in manufacturing…

A: United States is one of the developed countries because it had a significant growth in 19th and 20th…

Q: Suppose a country’s total output is growing 10 percent per year, but its population is growing 11…

A: The standard of living can be measured by taking GDP per capita into the account.  GDP per capita =…

Q: Why the short term source of capital should be matched with the working capital ?

A: The production would result in the production of the goods and services which would result in the…

Q: Suppose an economy's growth rate of real GDP per capita is 5%. a. If the country's inflation rate is…

A: GDP is the value of final goods and services produced in the economy within a given period of time.…

Q: a)Interpret the data from the table and distinguish the relationship between the two countries.…

A: a. In the initial year 2016, the unemployment is higher than the other years and the unemployment…

Q: What is productivity level and what does it "measure". Consider that each member of your group is an…

A: Productivity is a measure of efficiency of production. It is the ratio of total output to a single…

Q: A country’s per-capita nominal GDP is growing at 5%, its price level is growing at 3% and its…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: a. Calculate nominal and real GDP per capita for 2009 and 2014. For 2009: Nominal GDP per capita =…

A: Formulas: 1. Nominal GDP per capita = Nominal GDP / Population  2. Real GDP per capita = Real GDP /…

Q: The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real…

A: If  GDP is Y, Growth is g% per year, after t years the GDP will be Y(1+g100)t Here given Y= $19222…

Q: Real GDP in any year is equal to: O the quantity of labour divided by resource outputs. O…

A: Real GDP is the money value of all final goods and services produced in an economy adjusted for…

Q: Suppose a country's real GDP is $14 trillion and the population is 200 million. Instructions: Enter…

A: Country's real gross domestic product (GDP) is a metric that breaks down a country's economic output…

Q: = (a) What is the current GDP growth rate (2017) in Cote d'Ivoire? (b) What is the name of the…

A: The gross domestic product (GDP) growth rate measures how rapidly the economy is growing.

Q: How cam future business professionals can contribute to the real economic development of a country?

A: Future business professionals are those individuals that are considered highly skilled labor and…

Q: If an economy annual real GDP  growth rate reduces from 8.2 percentage, its real GDP doubling time…

A: Here we calculate the real GDP doubling time by using the rule of 70  and choose the correct option…

Q: 5) Purpleland's Real GDP was 196 billion dollars in 2006 and 206 billion dollars in 2007.…

A: here calculate the following points by using the given information which are as follow-

Product and Price Bundling

Product and price bundling is used as a marketing strategy by businesses, where complementary products and services are combined and sold as a package deal. This bundled price is usually less than the total price of the individual products if they were to be sold separately. When bundled and sold, each product is sold at a reduced price. Using a price bundling strategy helps increase the average revenue per user and also increases the engagement with the user. This happens as the perceived value of the bundled products is more than the individual products.