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

Author Question: Refer to Table 11-3. Use the table above to calculate the annual growth rate in GDP. Also calculate ... (Read 98 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
Refer to Table 11-3. Use the table above to calculate the annual growth rate in GDP. Also calculate the total percentage change in the growth from 2013 through 2016.
 
  Explain the difference between the average annual growth rate in real per capita GDP from 2013 through 2016 and the total percentage change in growth from 2013 and 2016.

Question 2

Should economics be considered a science? Why or why not?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

One calculates the average annual percent change in growth from 2013 through 2016 by finding the individual growth rates from year to year and then averaging them. The growth rates are calculated as follows:

2014 growth = (29,000 - 28,

Answer to Question 2

Yes. Economics uses models and theories to make predictions and then tests those predictions using empirical analysis.


bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Gracias!

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Purple growth on mussels Purple growth on mussels
Table Salt Is Composed of Sodium and Chloride Table Salt Is Composed of Sodium and Chloride
Growth in Open Economies Growth in Open Economies
APA Table - SPSS APA Table - SPSS
Early growth of corn (Zea mays), a typical monocot. Early growth of corn (Zea mays), a typical monocot.
Primary growth in a root Primary growth in a root
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library