This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A nation's population was 250 million last year and is 255 million this year. If its real GDP was ... (Read 86 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
A nation's population was 250 million last year and is 255 million this year. If its real GDP was 8.5 trillion last year and is 8.8 trillion this year, what is its growth rate of real GDP per person?
 
  What will be an ideal response?

Question 2

The quantity of U.S. dollars supplied in the foreign exchange market is
 
  A) the same as the quantity of for U.S. dollars demanded.
  B) negatively related to the exchange rate.
  C) fixed at any given exchange rate.
  D) unrelated to the exchange rate.
  E) positively related to the exchange rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

Last year real GDP per person equaled (8.5 trillion)/(250 million) = 34,000 per person. This year, real GDP per person is 34,510 per person. Thus the growth in real GDP per person equals  100 = 1.5 percent.

Answer to Question 2

E


storky111

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

The tiger, Panthera tigris, was historically found throughout much of Asia, but at low population de The tiger, Panthera tigris, was historically found throughout much of Asia, but at low population de
Trap set to monitor the wild population in the Dryandra Woodland Trap set to monitor the wild population in the Dryandra Woodland
By how many times will the population of bacteria have increased after 6 h? By how many times will the population of bacteria have increased after 6 h?
The population of algae is compared to the population of corals in a given sampling area The population of algae is compared to the population of corals in a given sampling area
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library