If real GDP increases from $5 billion to $5.25 billion and the population increases from 2 million

Question:

If real GDP increases from $5 billion to $5.25 billion and the population increases from 2 million to 2.02 million, real GDP per person increases by ___ percent.

A. 5.0

B. 1.0

C. 2.5

D. 4.0

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

Step by Step Answer:

Related Book For book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: May 21, 2018 06:21 AM

See More Questions

Multiple Choice Questions: 1. The consumer price index? a. Takes government purchases into account, unlike the GDP deflator. b. Takes business investment purchases into account, unlike the GDP...
If real GDP increases by 5 percent and the population increases by 10 percent during the same period, real per capital income a. Increases b. Decreases c. Remains unchanged d. Increases if prices rise
In Figure 23.13 on page 796, the economy is initially in equilibrium at point A. Aggregate expenditure and real GDP both equal $9.6 trillion. The increase in investment of $100 billion increases...
Modify the symbol-table API to handle values with duplicate keys by having get() return an iterable for the values having a given key. Implement BST and Index as dictated by this API. Discuss the...
For tetragonal crystals, cite the indices of directions that are equivalent to each of the following directions: (a) [011] (b) [100]
Joe Whitehead is planning the audit of a newly obtained client, Henderson Energy Corporation, for the year ended December 31, 2011. Henderson Energy is regulated by the provincial utility commission...
A lossless motor drives the fan shown in Fig. P12.40 at $40 \mathrm{~Hz}$. The power input to the motor is $40 \mathrm{amps}$ at 440 volts. For the geometry shown, what is the discharge flow rate...
Bill Kokott, a former disc golf star, operates Bill's Discorama. At the beginning of the current season on April 1, the ledger of Bill's Discorama showed Cash $1,850, Inventory $2,150, and Common...
Can you comment to these two posts of my classmates its discussion questions and i need to comment in two of them? To me, what makes someone beautiful changes in stages. My first initial perception...
A city maintains an internal audit department and accounts for it in its general fund. In the coming year, the department will purchase $300,000 of computer and other ofce equipment, all of which...
If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per year. A. 7 B. 10 C. 12 D. 14
If there is no currency drain, what is the quantity of loans and the quantity of total deposits when the bank has no excess reserves? The Peoples Bank of China lowered the required reserve ratio from...
a) Three digital sensors, A, B and C, are used to monitor a process. The outputs from the sensors are used as the inputs to a logic circuit. A signal, X, is output from the logic circuit: Output, X,...
Cable AB exerts a force of magnitude F = 6.0 kN on point A. Express F as a vector in terms of the unit vectors i, j, and k. Determine the angle 8x between F and the x-axis. 1.7 m Answers: F= 0x II i...
Three-point charges lie along a circle of radius r = 2.50 cm at angles of 308, 150, and 270 as shown in Fig. Find a) a symbolic expression for the resultant electric field at the center of the...
16. Two small blocks, each of mass m, are connected by a string of constant length 4h and negligible mass. Block A is placed on a smooth (frictionless) tabletop as shown below, and block B hangs over...
Two solid metal balls, a small and a large one, are made of the same type of steel, with no empty space inside. The large ball has a radius twice as large as the small ball. The two balls roll down a...
A ceiling fan starts to spin from rest with a constant angular acceleration of 20 rad / s 2 (radians per second square). How many full rotations does the fan execute after 6 seconds?
As the Sun shines on a snow-capped mountain, much of the snow sublimes instead of melting. How is this favored by entropy?
An example of prescriptive analytics is when an action is recommended based on previously observed actions. For example, an analysis might help determine procedures to follow when new accounts are...
Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline. Explain how the market for gasoline would react...
Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline. Explain how the market for gasoline would react...
Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline. Explain how the market for gasoline would react...
Company XYZ is considering investing in a new machine that will cost $15,000. The machine will allow the firm to generate sales of $50,000 per year. The machine has a useful life of three years....
Dareka's Investments Limited (DIL) is considering two projects in Central Jamaica. The initial capital outlay for each project is US $45,000 and the cost of capital for the DIL is 12%. The cash flow...
Calculate the price of a three-month European put option on a non-dividend-paying stock with a strike price of $50 when the current stock price is $50, the risk-free interest rate is 10% per annum,...

If real GDP increases from $5 billion to $5.25 billion and the population increases from 2 million

Question:

Step by Step Answer:

Answer D Real GDP grows ...View the full answer

Foundations of Macroeconomics

Students also viewed these Business questions