In 2019the country of Vertigo had a real GDP of $600 billion and a population of 25

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

Question:

In 2019the country of Vertigo had a real GDP of $600 billion and a population of 25 million. In 2020, real GDP rose by 8% while its population grew by 3%. What is the value of real GDP per capita in 2020?

Related Book For answer-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

See More Books

Posted Date: Jan 24, 2024 12:48 PM

See More Questions

Write a snippet code to solve the following. Assume that you have an array of integers call arr . ( no need to declare it or fill it up, assume it is already there). And, arr is of size SIZE . You...
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
If a natural disaster, such as the 2010 drought in Russia, hits food production, use supply and demand analysis to figure out how this affects consumers and producers. Does everyone lose or are some...
Each of the following employees works as a staff accountant at a regional tax return preparation firm. Which of the following employees likely can be legally terminated from work without notice? a. A...
Using the information you gathered in the previous problem, calculate the operating cycle for each company. What are the similarities or differences? Is this what you would expect from companies in...
Refer to information in QS 21-14. Compute the overhead volume variance for November and classify it as favorable or unfavorable. Data From QS 21-14 AirPro Corp. reports the following for November....
1. Review the concept of supply chain management. Although Passing Lane offers services rather than products, could the SCM concept apply to the design of the new system? Why or why not? 2. What...
Thompson's Hardware spent $46,370 this year on business insurance alone. If total sales were $765,500, what percent of total sales was spent on business insurance? Round to the nearest tenth.
Get It Right, CPAs, has been retained to review its client's corporate formation calculations for 20XX. Maria, Roger, and Novak created Grassroots Tennis, Inc. (GTI), which began operations on March...
Video Concepts, Inc. (VCI) markets independently produced films on DVDs through a variety of video retail outlets. VCI is deciding whether they should obtain the rights to a film titled Burnt Orange...
What is the summary of "Anti-Feminism Part of Conservative Revival by Thomas Walkom? Explain briefly
How do you think technology can enhance the effectiveness of on-the-job training?
What is a pay policy? What do you think is the pay policy at your organization (describe).
Canadian Tire is providing a one-day training session for its retail employees on the topic of customer service at one of its Toronto stores. Review the various methods of needs analysis presented in...
Describe the difference between traditional epidemiology and clinical epidemiology and the benefits of both types
Jessica has a Personal Auto Policy (PAP) providing the following coverages: Coverage A: 250/500/100 Coverage B: $10,000/person Coverage C: 150/300 Coverage D: $500 deductible (collision); $500...
The cost curve for the city water supply is C(Q) = 16 + 1/4 Q2, where Q is the amount of water supplied and C(Q) is the cost of providing Q acre-feet of water. (An acre-foot is the amount of water...
Suppose that natural real GDP (YN) equals $12,000, the Federal Reserves desired real federal funds rate (rFF*) equals 2.5 percent, and its desired inflation rate (P*) equals 2 percent. Initially, an...
Assume the following equations summarize the structure of an economy. C = Ca + 0.85(Y - T) Ca = 260 - 10r T = 200 + 0.2Y (M > P)d = 0.25Y - 25r Ms > P = 2,125 Ip = 1,500 - 30r G = 1,700 NX = 500 -...
This problem also uses the example in Table 16-1 and the flexible accelerator from problem 3. Assume that f equals 0.5. Suppose that the desired capital-expected sales ratio v*, depends on the real...
A new business analyst needs to be hired to work at the corporate headquarters of a retail firm. Jared and Amanda are managers in charge of the hiring decision. The candidates have been narrowed down...
In the same league as Amazon Inc., Microsoft, and Alphabet Inc., the Chinese multinational investment holding Tencent is considered one of the worlds biggest companies in the gaming industry. Founded...
Employees first is the most important cultural value that former HCL Technologies CEO Vineet Nayar believed would help the company to grow. While most managers think a customers satisfaction should...

In 2019the country of Vertigo had a real GDP of $600 billion and a population of 25

Question:

Expert Answer:

To calculate the real GDP per capita in 2020 we need to determine the real GDP and the ... View the full answer

Macroeconomics

Students also viewed these economics questions