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<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width"/><meta name="description" content="Solution for The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita…"/><link rel="canonical" href="https://www.bartleby.com/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/2cccae7f-e15a-44e7-b8d3-daca10195bd8"/><title>Answered: The table below shows real GDP per… | bartleby</title><script type="application/ld+json">{ "@context": "https://schema.org", "@type": [ "QAPage", "WebPage" ], "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.bartleby.com/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/2cccae7f-e15a-44e7-b8d3-daca10195bd8" }, "name": "Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %", "description": "Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %", "inLanguage": "en", "headline": "Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %", "datePublished": "2024-11-18", "dateModified": "2024-11-18", "isAccessibleForFree": "False", "hasPart": { "@type": "WebPageElement", "isAccessibleForFree": "False", "cssSelector": ".paywall" }, "mainEntity": { "@type": "Question", "name": "Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %", "text": "Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %", "answerCount": 1, "dateCreated": "2024-11-18", "acceptedAnswer": { "@type": "Answer", "text": "a. Growth rate from 1950 to 1975Starting GDP per capita (1950) = $13,327Ending GDP per capita (1975)…" }, "url": "https://www.bartleby.com/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/2cccae7f-e15a-44e7-b8d3-daca10195bd8" } }</script><script type="application/ld+json">{ "@context": "http://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@id": "https://www.bartleby.com/", "name": "Bartleby Textbook Solutions" } }, { "@type": "ListItem", "position": 2, "item": { "@id": "https://www.bartleby.com/subject/business", "name": "Business Q&A and Textbook Solutions" } }, { "@type": "ListItem", "position": 3, "item": { "@id": "https://www.bartleby.com/subject/business/economics", "name": "Economics Q&A, Textbooks, and Solutions" } }, { "@type": "ListItem", "position": 4, "item": { "@id": "https://www.bartleby.com/subject/business/economics/questions-and-answers", "name": "Economics Q&A Library" } }, { "@type": "ListItem", "position": 5, "item": { "@id": "https://www.bartleby.com/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/2cccae7f-e15a-44e7-b8d3-daca10195bd8", "name": "The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %" } } ] }</script><link rel="preload" as="image" href="/static/compass_v2/learnbar/search-icon.svg"/><link rel="preload" as="image" href="/static/compass_v2/learnbar/search-icon-white.svg"/><link rel="preload" as="image" href="/static/compass_v2/learnbar/ask.svg"/><link rel="preload" as="image" href="/static/compass_v2/shared-icons/expand-img.svg" media="(min-width: 768px)"/><link rel="preload" as="image" imageSrcSet="/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=16&q=75 16w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=32&q=75 32w, 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Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %</div></div></div></header></section><main id="AppLayout-Scrollable-Main-Container-ID" class="flex-1 overflow-x-hidden overflow-y-auto relative"><div><div id="QNA-PAGE-CONTENT" class="flex-col items-center bg-page px-8px md:px-16px mdl:px-32px mdl:pb-32px"><div id="QNA-PAGE-TOP-CONTENT" class="flex flex-1 w-full pt-12px bg-page mdl:pt-24px"><div id="QNA-PAGE-BREADCRUMB" class="flex flex-col flex-1 w-full max-w-1188px m-auto"><div id="QNA-PAGE-BREADCRUMB" class="flex flex-col flex-1 w-full m-auto font-sans"><div id="BREADCRUMB-ID" class="flex flex-row flex-initial items-center w-full m-auto font-sans text-blue-600 text-14px"><div class="flex flex-row flex-initial items-center shrink-0"><a href="/subject/business" class="flex-1 cursor-pointer underline" tabindex="0">Business</a><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="flex-initial text-grey-200 w-24px" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M6.41 6L5 7.41 9.58 12 5 16.59 6.41 18l6-6z"></path><path d="M13 6l-1.41 1.41L16.17 12l-4.58 4.59L13 18l6-6z"></path></svg></div><div class="flex flex-row flex-initial items-center shrink-0"><a href="/subject/business/economics" class="flex-1 cursor-pointer underline" tabindex="0">Economics</a><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="flex-initial text-grey-200 w-24px" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M6.41 6L5 7.41 9.58 12 5 16.59 6.41 18l6-6z"></path><path d="M13 6l-1.41 1.41L16.17 12l-4.58 4.59L13 18l6-6z"></path></svg></div><span class="flex-initial text-grey-500 whitespace-nowrap text-ellipsis overflow-hidden">The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %</span></div><h1 id="QNA-PAGE-H1" class="mt-16px text-24px leading-32px whitespace-nowrap overflow-hidden text-darkBlue-900 bg-page font-semibold text-ellipsis pb-16px">The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %</h1></div></div></div><div id="qa_ad_top" class="sm:h-[90px] sm:min-h-[90px] sm:min-w-[728px] sm:max-w-[970px] m-auto h-[50px] min-h-[50px] min-w-[300px] max-w-[320px]"></div><div id="QNA-PAGE-MAIN-CONTENT" class="flexColReverse w-full max-w-1188px py-24px flex-grow-0 mx-auto bg-page lg:flex-row md:py-32px"><div id="QNA-PAGE-MIDDLE-LEFT-RAIL" class="flexCol flex-initial mt-24px overflow-visible lg:w-[318px] lg:mr-32px lg:mt-0px"><div id="TEXTBOOK-MODULE-ID" class="flex-initial flex-col items-center justify-center w-full p-24px rounded-lg border-[1px] border-grey100 bg-white lg:w-[318px] overflow-hidden"><div class="flexRow overflow-hidden w-full "><div class="flexCol flex-initial justify-start items-center p-2px"><a href="https://www.amazon.com/b?node=283155" target="_blank" rel="noopener noreferrer" class="flex-initial" tabindex="0"><img width="100%" height="68px" class="object-cover rounded-lg h-68px w-auto m-auto" src="https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif" alt="Survey Of Economics" decoding="async" loading="lazy"/><button class="secondaryGhost-button flex-initial h-34px mt-8px">BUY</button></a></div><div class="flex-col w-full flex-wrap text-ellipsis overflow-hidden p-2px ml-5px"><a href="/textbooks/survey-of-economics-10th-edition/9781337111522/solutions" target="_blank" rel="noopener noreferrer" class="flex-initial w-full text-darkBlue-900 font-semibold text-16px leading-16px text-ellipsis overflow-hidden whitespace-nowrap" tabindex="0">Survey Of Economics</a><div class="flex-initial w-full text-14px text-grey-500 text-ellipsis overflow-hidden pt-0x">10th Edition</div><div class="flex-initial w-full text-ellipsis overflow-hidden"><span class="text-14px leading-5 text-grey-900 font-semibold">ISBN:</span><span class="text-14px leading-5 text-grey-900 font-normal ml-4px">9781337111522</span></div><div class="flex-initial w-full text-ellipsis overflow-hidden"><span class="text-14px leading-5 text-grey-900 font-semibold">Author:</span><span class="text-14px leading-5 text-grey-900 font-semibold ml-4px">Tucker, Irvin B.</span></div><div class="flex-initial w-full text-ellipsis overflow-hidden"><span class="text-14px leading-5 text-grey-900 font-semibold">Publisher:</span><span class="text-14px leading-5 text-grey-900 font-normal ml-4px">Tucker, Irvin B.</span></div></div></div><div class="flexCol w-full mt-24px"><div class="flex-initial flexRow w-full"><div class="flex-1"><div class="relative w-full overflow-hidden"><select class="relative text-grey-900 text-14px leading-20px font-semibold w-full h-48px pr-100px pl-16px text-ellipsis appearance-none bg-white rounded border-[1px] border-grey300" aria-label="problem list"><option value="0">1 Introducing The Economic Way Of Thinking</option><option value="1">2 Productions Possibilities, Opportunity Costs, And Economic Growth</option><option value="2">P1 Introduction To Economics</option><option value="3">3 Market Demand And Supply</option><option value="4">4 Markets In Action</option><option value="5">5 Price Elasticity Of Demand And Supply</option><option value="6">6 Proudction Costs</option><option value="7">7 Perefect Competition</option><option value="8">8 Monopoly</option><option value="9">9 Monopolistic Competition And Oligoply</option><option value="10">10 Labor Markets And Income Distribution</option><option value="11">P2 Microeconomics Policy Issues</option><option value="12" selected="">11 Gross Domestic Product</option><option value="13">12 Business Cycles And Unemployment</option><option value="14">13 Inflation</option><option value="15">14 Aggregate Demand And Supply</option><option value="16">15 Fiscal Policy</option><option value="17">16 The Public Sector</option><option value="18">17 Federal Deficits, Surpluses, And The National Debt</option><option value="19">P3 The Maroeconomy An Dfiscal Policy</option><option value="20">18 Money And The Federal Reserve System</option><option value="21">19 Money Creation</option><option value="22">20 Monetary Policy</option><option value="23">P4 Money, Banking, And Monetary Policy</option><option value="24">21 International Trade And Finance</option><option value="25">22 Economies In Transition</option><option value="26">23 Growth And Less Developed Countries</option><option value="27">P5 The International Economy</option></select><div style="width:-56px" class="absolute left-16px top-12px pr-8px pointer-events-none bg-white text-ellipsis overflow-hidden whitespace-nowrap"><span class="text-grey-900 text-14px leading-20px font-semibold">Chapter11: </span><span class="text-grey-900 text-14px leading-20px">Gross Domestic Product</span></div><div class="absolute text-blue-600 top-12px right-12px pointer-events-none "><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="width:24px;height:24px" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M16.59 8.59L12 13.17 7.41 8.59 6 10l6 6 6-6z"></path></svg></div></div></div><div class="flex-initial w-16px"></div><div class="flex-1"><div class="relative w-full overflow-hidden"><select class="relative text-grey-900 text-14px leading-20px font-semibold w-full h-48px pr-100px pl-16px text-ellipsis appearance-none bg-white rounded border-[1px] border-grey300" aria-label="problem list"><option value="12-0">11.1 Gross Domestic Product</option><option value="12-1">11.2 Measuring Gdp</option><option value="12-2">11.3 The Expenditure Approach</option><option value="12-3">11.4 Gdp In Other Countries</option><option value="12-4">11.5 Gdp Shortcomings</option><option value="12-5">11.6 Changing Nominal Gdp To Real Gdp</option><option value="12-6" selected="">Chapter Questions</option></select><div style="width:-56px" class="absolute left-16px top-12px pr-8px pointer-events-none bg-white text-ellipsis overflow-hidden whitespace-nowrap"><span class="text-grey-900 text-14px leading-20px font-semibold">Section: </span><span class="text-grey-900 text-14px leading-20px">Chapter Questions</span></div><div class="absolute text-blue-600 top-12px right-12px pointer-events-none "><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="width:24px;height:24px" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M16.59 8.59L12 13.17 7.41 8.59 6 10l6 6 6-6z"></path></svg></div></div></div></div><div class="flex-initial flexRow w-full mt-16px"><div class="relative w-full overflow-hidden"><select class="relative text-grey-900 text-14px leading-20px font-semibold w-full h-48px pr-100px pl-16px text-ellipsis appearance-none bg-white rounded border-[1px] border-grey300" aria-label="problem list"><option value="0">Problem 1SQP </option><option value="1">Problem 2SQP </option><option value="2">Problem 3SQP </option><option value="3">Problem 4SQP </option><option value="4">Problem 5SQP </option><option value="5">Problem 6SQP </option><option value="6">Problem 7SQP </option><option value="7" selected="">Problem 8SQP </option><option value="8">Problem 9SQP </option><option value="9">Problem 10SQP </option><option value="10">Problem 1SQ </option><option value="11">Problem 2SQ </option><option value="12">Problem 3SQ </option><option value="13">Problem 4SQ </option><option value="14">Problem 5SQ </option><option value="15">Problem 6SQ </option><option value="16">Problem 7SQ </option><option value="17">Problem 8SQ </option><option value="18">Problem 9SQ </option><option value="19">Problem 10SQ </option><option value="20">Problem 11SQ </option><option value="21">Problem 12SQ </option><option value="22">Problem 13SQ </option><option value="23">Problem 14SQ </option><option value="24">Problem 15SQ </option><option value="25">Problem 16SQ </option></select><div style="width:-56px" class="absolute left-16px top-12px pr-8px pointer-events-none bg-white text-ellipsis overflow-hidden whitespace-nowrap"><span class="text-grey-900 text-14px leading-20px font-semibold">Problem 8SQP </span></div><div class="absolute text-blue-600 top-12px right-12px pointer-events-none "><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="width:24px;height:24px" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0V0z"></path><path d="M4 10.5c-.83 0-1.5.67-1.5 1.5s.67 1.5 1.5 1.5 1.5-.67 1.5-1.5-.67-1.5-1.5-1.5zm0-6c-.83 0-1.5.67-1.5 1.5S3.17 7.5 4 7.5 5.5 6.83 5.5 6 4.83 4.5 4 4.5zm0 12c-.83 0-1.5.68-1.5 1.5s.68 1.5 1.5 1.5 1.5-.68 1.5-1.5-.67-1.5-1.5-1.5zM7 19h14v-2H7v2zm0-6h14v-2H7v2zm0-8v2h14V5H7z"></path></svg></div></div></div></div><div class="flex-initial flex-row text-end w-full mt-16px"><a href="/subject/business/economics/textbook-answers" class="standalone-link flex-initial" tabindex="0">See similar 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The 'Simple' plan charges $3,000 per credit hour for…</p></div></a><a href="/questions-and-answers/1.-a-new-engineer-is-evaluating-whether-to-use-a-higher-voltage-transmission-line.-it-will-cost-doll/533ace2a-c03b-4ea3-bbbb-f27333d26038" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Engineering Econ HW8 Q1</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: </p></div></a><a href="/questions-and-answers/1-pts-informative-speech-ideas-and-graphics-that-you-can-add-to-your-speech-o-the-objective-you-want/858880db-15a6-4af5-b026-33d66c0b9cb2" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: 1 pts Informative speech ◇ Ideas and graphics that you can add to your speech O The objective you…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: It is because an informative speech is all about informing the audience about a topic with laid-out…</p></div></a><a href="/questions-and-answers/total-average-and-marginal-products-of-labor-k2-table-8.2-number-of-total-product-q-average-product-/d71ecc54-5e9f-4c96-be7b-0f9094a9b7da" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Total, Average, & Marginal Products of Labor, K=2 (Table 8.2) Number of Total product (Q) Average…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Q6: ATC (Average total cost) = AFC (Average fixed cost) + AVC (Average Variable cost)True (T).The…</p></div></a><a href="/questions-and-answers/2.-bruno-the-consumer-in-problem-1-is-best-friends-with-ruby-who-shares-brunos-love-for-energy-bars-/453de37b-ede4-4cf3-ad02-9d36ab1e43bc" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: 2. Bruno, the consumer in Problem 1, is best friends with Ruby who shares Bruno's love for energy…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: She has 20 dollars to spend on smoothies and energy bars, which cost 4 dollars each and 2 dollars…</p></div></a><a href="/questions-and-answers/suppose-in-2021-the-home-country-imported-dollar600-million-in-foreign-assets-and-exported-dollar200/af19e6fe-94eb-4738-a384-1a70a66ac5ec" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Suppose in 2021 the Home country imported $600 million in foreign assets and exported $200 in…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Let's analyze Home's financial situation based on the given data:Given:Home imports of foreign…</p></div></a><a href="/questions-and-answers/d-question-4-knowing-yourself-involves-all-except-which-of-the-following-knowing-your-values-knowing/66ef0182-fd05-4e3e-98bd-30dffdc0f5cc" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: D Question 4 "Knowing yourself" involves all EXCEPT which of the following? ○ Knowing your values ◇…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The concept of 'Knowing Yourself' is often used in the context of personal development and…</p></div></a><a href="/questions-and-answers/with-the-estimates-shown-below-sarah-needs-to-determine-the-trade-in-replacement-value-of-machine-x-/1cbd92d0-62ea-4bc4-a129-a284f225d88c" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: With the estimates shown below, Sarah needs to determine the trade-in (replacement) value of machine…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The problem pertains to the annual worth of the machines. The annual worth is the annual cash flow…</p></div></a><a href="/questions-and-answers/cable-tv-hbo-read-the-cable-tv-hbo-case-and-answer-the-questions-included-at-the-end.-cable-tv-case-/9c5d1b27-eeb0-46db-9b0a-a434ff03acc3" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Cable TV - HBO Read the Cable TV-HBO case and answer the questions included at the end. CABLE TV…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: 6. What type of innovation is cable television, according to the Oslo manual?According to the Oslo…</p></div></a><a href="/questions-and-answers/the-following-graph-shows-average-fixed-costs-average-variable-costs-average-total-costs-and-margina/e16b3821-86ec-4f9f-9383-20abd9bd1651" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Please correct answer and don't use hand raiting</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Marginal cost - It is the additional cost a business incurs when it produces one more unit of a…</p></div></a><a href="/questions-and-answers/angrist-and-krueger-1991-establish-a-relationship-between-the-quarter-of-birth-and-educational-attai/8e036bfb-9541-4be2-815b-b21d3b046a95" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Angrist and Krueger (1991) establish a relationship between the quarter of birth and educational…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Hope this helps</p></div></a><a href="/questions-and-answers/oct-21-2024-at-743-am-why-are-most-ppfs-for-goods-bowed-outward-concave-downward/518296ec-c794-45c8-8034-e920449cd3fd" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Oct 21, 2024 at 7:43 AM Why are most PPFs for goods bowed outward (concave downward)?</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: A PPF is bowed outward because not all resources are well suited to the production of all goods. If…</p></div></a><a href="/questions-and-answers/what-is-the-terms-of-sale-in-australia-such-as-ex-works-fobfas-candampf-and-cif-explain/8ffca517-a272-4e90-accd-04efea7046ef" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: What is the terms of sale in Australia such as EX works, FOB,FAS, C&amp;F, and CIF? Explain</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: 1. EX Works (EXW)Definition: The seller's responsibility ends once the goods are made available at…</p></div></a><a href="/questions-and-answers/what-is-the-evolution-of-african-governments-economic-diplomacy-since-the-post-world-war-ii-period-a/d26b7623-f829-4048-8732-11326da8ef08" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: What is the evolution of African governments' economic diplomacy since the post-World War II period…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The evolution of African governments' economic diplomacy since the post-World War II period reflects…</p></div></a><a href="/questions-and-answers/hotel-room-pricing-a-hotel-has-500-rooms.-during-a-typical-week-in-the-holiday-season-the-hotel-is-b/7ea0dd21-b84b-4f9e-8840-e552743198bd" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: How do I find out the rates and occupants for a discounted rate and a weekly rate based on the…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Single rate for any day of the week:First, let's find the demand functions for weekdays and…</p></div></a><a href="/questions-and-answers/which-of-the-following-is-least-likely-to-be-associated-with-market-failure-and-is-consequently-leas/c93089ec-aede-4612-afdb-4b470924f1c5" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Which of the following is least likely to be associated with market failure, and is consequently…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: To identify the option least likely to be associated with market failure, let's review the typical…</p></div></a><a href="/questions-and-answers/able-production-possibilities-for-tractors-and-crude-oil-country-tractors-crude-oil-thousands-of-bar/055fd4d2-228a-48d5-8144-b31014849972" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: able: Production Possibilities for Tractors and Crude Oil Country Tractors Crude Oil(thousands of…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: In economics, the concept of Absolute Advantage refers to the ability of a party (an individual, or…</p></div></a><a href="/questions-and-answers/an-engineer-has-designed-a-valve-that-will-regulate-water-pressure-on-an-automobile-engine.-the-valv/2213061a-c3a0-4405-8177-0e30aca8765a" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: An engineer has designed a valve that will regulate water pressure on an automobile engine. The…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Step 1:valve designed to produce mean pressure was 6.1 psi.μ=6.1 Population standard deviation is…</p></div></a><a href="/questions-and-answers/the-textbook-theory-of-pigou-tax-is-somewhat-misleading-because-it-tells-us-that-the-tax-on-goods-wi/bf6e616a-64c4-4132-9c4a-2f17059ec253" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: The textbook theory of Pigou tax is somewhat misleading because it tells us that the tax on goods…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The statement is true, and here's why:Understanding the textbook theory of a Pigovian tax:A Pigovian…</p></div></a><a href="/questions-and-answers/3.-the-table-below-shows-the-long-run-total-cost-in-thousands-of-three-firms-producing-bread-at-diff/f43dc232-9fa1-4e79-9abb-dd719ece6964" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Which firm is experiencing economies of scale? Show necessary solutions to support your claim</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: To determine which firm is experiencing economies of scale, we need to analyze how the cost per unit…</p></div></a><a href="/questions-and-answers/q16-which-of-the-following-statements-isare-true-of-the-major-schools-of-economic-thought-i.-keynesi/8bcdf808-f6f0-499c-9f72-c737b2d5e96e" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Q16 Which of the following statements is/are TRUE of the major schools of economic thought? i.…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Statement i"Keynesians believe in the use of macroeconomic tools to stabilize the economy whereas…</p></div></a><a href="/questions-and-answers/attempts-average-3-4.-the-multiplier-effect-of-a-change-in-government-purchases-consider-a-hypotheti/1671770d-c246-4d3c-a682-1c7075671a5f" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Attempts Average / 3 4. The multiplier effect of a change in government purchases Consider a…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Marginal Propensity to Consume (MPC): The MPC is basically the fraction of additional income that is…</p></div></a><a href="/questions-and-answers/how-do-companies-utilize-price-discrimination-to-maximize-profit-and-how-do-consumers-experience-dea/92de0361-e4de-4490-9bef-9bc97b2a74e4" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: How do companies utilize price discrimination to maximize profit, and how do consumers experience…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Step 1:Price discrimination refers to the practice of charging different prices for the same good or…</p></div></a><a href="/questions-and-answers/s1528quizzes19107take-question-2-most-employers-initially-spend-less-than-one-minute-looking-at-a-re/e48f47db-7199-400e-9c06-c0e50f82859b" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: s/1528/quizzes/19107/take Question 2 Most employers initially spend less than one minute looking at…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The statement is about the amount of time most employers spend on an initial review of a resume.…</p></div></a><a href="/questions-and-answers/question-1-the-roots-of-chinas-extraordinary-economic-growth-and-development-has-remained-a-source-o/455a7f20-f92a-40c5-9145-2346bd82bfbb" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Question 1: The roots of China's extraordinary economic growth and development has remained a source…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: China's remarkable economic growth and development over the past few decades has been a subject of…</p></div></a><a href="/questions-and-answers/consider-a-consumer-with-utility-ux-log-x-x2-for-2-good-bundles.-1.-are-the-consumers-preferences-ho/8a26262a-22de-4192-84af-bcad840266a1" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Consider a consumer with utility U(x) = log x₁ + √x2 for 2-good bundles. 1. Are the consumer's…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Homothetic preferences are those where the marginal rate of substitution (MRS) is homogeneous of…</p></div></a><a href="/questions-and-answers/consider-the-following-production-functions-where-q-is-the-quantity-produced-of-the-good-k-is-the-qu/2bb1f7d9-69d5-4fab-a7b4-8778c4143dfe" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Consider the following production functions, where q is the quantity produced of the good, K is the…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: To determine the returns to scale for a production function, we need to multiply the inputs by a…</p></div></a><a href="/questions-and-answers/on-orca-island-people-consume-fish-sandwiches-and-snow-cones.-use-the-data-in-the-table-to-calculate/218bd731-d678-40b4-94f8-50076812dd9d" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Answer in step by step with explanation. Don't use Ai and chatgpt.</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Here's how to calculate the inflation rate from 2013 to 2014, using the Consumer Price Index (CPI)…</p></div></a><a href="/questions-and-answers/87-suppose-the-supply-function-for-avocados-in-avocados-per-month-is-q5815p-20pf-where-pf-is-the-pri/e596dc34-cf31-4f3a-b93f-de787deed55c" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: 87 Suppose the supply function for avocados (in avocados per month) is Q=58+15p-20pf, where pf is…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Given:Supply function: Q = 58 + 15p - 20pfIf the price of fertilizer rises by $1.20 per lb., then…</p></div></a><a href="/questions-and-answers/power-to-remote-transmitting-station-is-provided-by-a-diesel-electric-generating-unit.-the-original-/cc64495c-c963-4f28-8636-c364b8186f3b" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Power to remote transmitting station is provided by a Diesel-electric generating unit. The original…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: </p></div></a><a href="/questions-and-answers/consider-the-following-3-player-public-goods-game.-players-1-2-and-3-have-the-same-initial-endowment/76c9de23-35e3-42fc-a1e3-574ced57ce28" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Suppose that each player i is only concerned about his own material payoffs with ui(xi) = xi. Derive…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: To find the Nash equilibrium of this 3-player public goods game, we need to maximize each player's…</p></div></a><a href="/questions-and-answers/general-price-level-p-ad-y-total-production-income-diagram-a-ad-as-ad-ad-price-level-sras2-sras-real/dd7005b2-da6e-4e3d-9aff-a54bce13e38d" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: “The U.S. money supply is shrinking for the first time since 1949, as savings deposits decline…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The type of inflation most likely to be reduced given the shrinking money supply is demand-pull…</p></div></a><a href="/questions-and-answers/a-large-chain-retailer-purchases-the-new-model-samsung-phone-from-the-samsung-store.-samsung-admits-/03594378-83e6-42d4-b8dd-41ea842f31ac" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: A large chain retailer purchases the new model Samsung phone from the Samsung store. Samsung admits…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The given problem can be simplified uisng binomial distribution because:Each trial has two possible…</p></div></a><a href="/questions-and-answers/eco-313-engineering-economics-question-1-a-mention-and-explain-any-two-factors-which-influence-chang/e820de50-b62b-4cf0-9694-5647638386b9" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: ECO 313 ENGINEERING ECONOMICS QUESTION 1: (a) Mention and explain any two factors which influence…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Hope this helps</p></div></a><a href="/questions-and-answers/you-borrow-dollar120000-at-6.00percent-per-year-and-will-pay-off-the-loan-in-equal-payments-starting/95e54f1c-0cdb-4fbc-9dad-16418fd32da4" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: You borrow $120,000 at 6.00% per year and will pay off the loan in equal payments starting one year…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: 1. Annual Payment CalculationThe formula used to calculate the annual payment for a fixed-rate loan…</p></div></a><a href="/questions-and-answers/question-8-coursology-suppose-the-non-excludable-broadcast-radio-program-is-converted-into-an-exclud/e061f712-698d-4606-a83a-54828480da6c" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Question 8 Coursology Suppose the (non-excludable) broadcast radio program is converted into an…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Background on the Economic ConceptsIn economics, total surplus is the sum of consumer surplus and…</p></div></a><a href="/questions-and-answers/which-of-the-following-events-would-likely-not-shift-the-demand-for-loanable-funds-to-the-right-a-an/d00d75c6-cee0-4ba0-a159-f4e9c1bf750a" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Which of the following events would likely NOT shift the demand for loanable funds to the right?…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The demand for loanable funds is determined by the willingness of firms to borrow money to engage in…</p></div></a><a href="/questions-and-answers/1.-denote-the-number-of-children-by-n-and-the-survival-probability-of-a-child-to-adult-hood-by-.-a-p/9e4c0ecb-eb60-40f3-b020-2e326726786f" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: can you solve 1a 2a and 2b can you send solutions through pictures as it will be much easier to…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: </p></div></a><a href="/questions-and-answers/equipment-purchased-2-years-ago-by-newport-corporation-to-make-pneumatic-vibration-isolators-cost-do/2bcb632a-fc5f-4c1a-bde5-544a5f7c6d3f" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: - Equipment purchased 2 years ago by Newport Corporation to make pneumatic vibration isolators cost…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Part (a)This involves a replacement study done now (2 years after purchase).Calculate P:Since this…</p></div></a><a href="/questions-and-answers/if-the-reserve-ratio-is-0.25-and-reserves-increase-by-dollar100-million-what-is-the-maximum-possible/050c7181-fb46-4cec-ab53-036e766e7428" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: If the reserve ratio is 0.25 and reserves increase by $100 million, what is the maximum possible…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: The reserve ratio is the fraction of total deposits that a bank keeps on hand as reserves (i.e.,…</p></div></a><a href="/questions-and-answers/extra-problem-utility-function-ut-s-4ts-price-of-t-p-t-dollar5-price-of-s-p-s-dollar10-income-m-doll/f68400f3-5a56-482c-bc25-09ead04a4844" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Extra Problem: Utility Function: U(t, s) = 4ts Price of t: Pt = $5 Price of s: Ps = $10 Income: M =…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Step 1:A budget line, also known as a budget constraint, represents the various combinations of two…</p></div></a><a href="/questions-and-answers/question-9-1.75-pts-please-refer-to-the-following-information-to-answer-the-question-in-bold-below-r/fe66cbe4-59b9-4e9c-b199-91a447b743dd" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Question 9 1.75 pts Please refer to the following information to answer the question (in bold)…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Step 3: Setting up the budget constraint Raghav's total income is $40,000. After paying tuition, the…</p></div></a><a href="/questions-and-answers/price-500-450-400-350-300-250-200-social-cost-supply-private-costs-150-100-50-demand-50-100-150-200-/a909d7cd-45cd-4648-850b-e72702c15c6d" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Price 500 450- 400+ 350- 300 250 200 Social Cost Supply (Private Costs) 150+ 100+ 50+ Demand 50 100…</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: In the above graph. we are given two supply curves, one is the private cost curve, while the other…</p></div></a><a href="/questions-and-answers/1.-model-management-and-extreme-makeover-in-the-model-management-industry-firms-supply-human-models-/f1cd8257-dc7b-491e-99f0-b84df202a061" class="flex-1 w-full no-underline mx-2px mt-2px mb-24px" tabindex="0"><div class="w-full lg:max-w-[255px]"><p class="text-grey-500 flex-1 m-0 text-16px font-semibold leading-24px -tracking-0.1px pb-6px w-[100%] break-words line-clamp-2">Q: Please do fast don't use ai to answer</p><p class="flex-1 m-0 text-shark text-14px leading-20px -tracking-0.1px w-[100%] break-words line-clamp-2">A: Problem Setup:Color line: A unit length (1) where models have different skin colors.Makeup cost:…</p></div></a></div></div></div></div><div id="qa_ad_sidebar" class="mt-[1rem] mx-auto mb-0 min-h-[250px] max-h-[600px] w-[300px] max-md:hidden"></div></div><div id="QNA-PAGE-MIDDLE-MAIN" class="flexCol"><div class="flex flex-col-reverse sm:flex-row sm:justify-between sm:items-center"><div class="flex flex-initial border-l-[2px] border-solid border-yellow700"><div aria-level="2" role="heading" data-section-name="Question" class="flex-initial text-20px font-semibold font-sans text-darkBlue-900 ml-8px md:text-24px">Question</div></div></div><div class="flexCol flex-initial border-[1px] mt-24px p-24px rounded-lg border-solid border-ghost bg-white"><div class="font-sans text-16px text-black leading-24px mb-24px">Please correct answer and don't used hand raiting </div><figure class=""><div class="relative"><img alt="The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %" fetchpriority="high" width="1200" height="783" decoding="async" data-nimg="1" style="color:transparent;max-width:100%;height:auto;max-height:540px;aspect-ratio:1200 / 783" sizes="(min-width: 1320px) 788px, (min-width: 1040px) calc(88.08vw - 357px), (min-width: 860px) calc(100vw - 131px), calc(97.04vw - 74px)" srcSet="/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=16&q=75 16w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=32&q=75 32w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=48&q=75 48w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=64&q=75 64w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=96&q=75 96w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=128&q=75 128w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=256&q=75 256w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=384&q=75 384w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=640&q=75 640w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=750&q=75 750w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=828&q=75 828w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=1080&q=75 1080w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=1200&q=75 1200w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=1920&q=75 1920w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=2048&q=75 2048w, /v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=3840&q=75 3840w" src="/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a6b1bde-c2f7-4db2-af15-07c7f5b7260a%2F2cccae7f-e15a-44e7-b8d3-daca10195bd8%2Fsxvas6n_processed.jpeg&w=3840&q=75"/></div><div class="w-full mt-16px bg-cometB/30 p-8px"><span class="font-semibold text-darkBlue-900 text-12px leading-24px mr-8px">Transcribed Image Text:</span><span class=" text-darkBlue-900 text-12px leading-16px my-16px mx-0px">The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %</span></div></figure></div><div class="flex flex-initial items-center mt-24px border-l-[2px] border-solid border-yellow700"><div aria-level="2" role="heading" data-section-name="Expert Solution" class="flex-initial text-20px font-semibold font-sans text-darkBlue-900 ml-8px md:text-24px">Expert Solution</div><img class="w-24px h-24px ml-16px" src="/static/compass_v2/shared-icons/check-mark.png" alt="" decoding="async" width="24" height="24"/></div><div id="Expert-Solution" class="paywall"></div><div id="solution-summary-v2-wrapper" class="hidden relative flexCol flex-initial border-[1px] mt-24px p-24px rounded-lg border-solid border-ghost bg-white"><div class="relative"><div style="height:350px" class="relative"><div class="sticky top-[50px] bg-darkBlue600 flex flex-col p-[16px] md:p-[24px] gap-[24px] max-w-[300px] md:max-w-[450px] m-auto items-center text-center rounded-[8px] z-[800]"><div class="flex flex-col 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questions</div><div class="hidden md:flex cursor-pointer w-[40px] justify-between"><button aria-label="Previous items" tabindex="0"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="button-icon" style="color:#5B63FE;height:14px" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M11.67 3.87L9.9 2.1 0 12l9.9 9.9 1.77-1.77L3.54 12z"></path></svg></button><button aria-label="Next items" tabindex="0"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="button-icon" style="color:#5B63FE;height:14px" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0V0z"></path><path d="M6.23 20.23L8 22l10-10L8 2 6.23 3.77 14.46 12z"></path></svg></button></div></div><div class="relative"><ul class="flex overflow-hidden w-[100%]"><li class="m-w-[100%] list-none text-left block [&+li]:block }"><div class="flex flex-col mt-40px w-[100%] sm:flex-row"><a href="/questions-and-answers/19.-table-below-shows-nominal-gdp-the-gdp-deflator-and-the-population-for-the-u.s.-for-2019-and-2020/41ed1f75-cfc7-4512-864d-a53f7fd56179" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">19. Table below shows nominal GDP, the GDP deflator and the population for the U.S. for 2019 and 2020. Year Nominal GDP GDP deflators Population ( in $ billions) |2019| 1987 = 100 (in millions) 4567 51.2 240 2020 6532 116.8 280 Using the information contained in the above table, calculate: (a) Growth rate of Nominal GDP (b) Growth rate of population (c) Growth rate of real GDP (d) Growth rate of real GDP per capita</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/the-table-below-gives-the-countrys-gdp-population-size-and-price-level-over-a-three-year-period.-201/cad612fa-c357-4d99-9293-052cc8937032" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">The table below gives the country's GDP, population size, and price level over a three-year period. 2018 2019 2020 Nominal GDP 14999 16866 23851 Population 213 291 337 Price Level 100 105 116 Given the information above, calculate the following: (d) The Real GDP in 2020 (f) Nominal GDP per capita growth rate between 2019 and 2020 % (e) Nominal GDP growth rate between 2018 and 2019 (g) Real GDP growth rate between 2018 and 2019 % (h) Real GDP per capita growth rate between 2019 and 2020 The economy is in short-run equilibrium in 2020 and the potential GDP of the economy is 37282. Given this information, calculate the following: (i) The output gap in 2020 (j) The output gap in 2020 if the price level was 125 instead of 116</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/0b032120-ad35-4d26-8017-8d35ff24c63d" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,819 24,601 43,935 52,172 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? % b. What is the growth rate in the standard of living from 1975 to 2000? % c. What is the growth rate in the standard of living from 2000 to 2016? %</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a></div></li><li class="m-w-[100%] list-none text-left hidden }"><div class="flex flex-col mt-40px w-[100%] sm:flex-row"><a href="/questions-and-answers/a.-complete-the-table-below.-123456789101112-201820192020ltemqty2018-pricesnominal-gdpqty2019-prices/7e522ed6-4d5a-4421-babc-6fced6d39723" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">The data in the table below show the total output (a mixture of consumer, capital, and government services) and the prices of each product for the distant country of Vindaloo. (All figures are in billions and the base year is 2018.) a. Complete the table below. 123456789101112 PricesNominal GDPQty2019 PricesNominal GDPReal GDPQty2020 Prices Nominal GDPReal GDPPizzas32$8$ 36$9$ $ 40$10$ $ Movie tickets226 248 268 Farm tractors4105 595 6110 Parking meters640 750 460 Totals 201820192020ltemQty2018 b. The value of nominal GDP in 2018 is $, in 2019 is $, and in 2020 is $. c. The value of real GDP in 2018 is $, in 2019 is $, and in 2020 is $. d. The value of the GDP deflator in 2018 is, in 2019 is, and in 2020 is. Answer to one decimal place. e. The inflation rate (using the GDP deflator) in 2019 is % and 2020 is %. Answer to one decimal place. f. Suppose that the representative consumer in Vindaloo buys 5 units of each consumer good. In this case the cost of the bundle in 2018 is $, in 2019…</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/6.-u.s.-growth-on-page-52-the-united-states-between-1870-and-1929-was-slightly-lower-than-20percent-/f8068aec-569d-4280-bfe1-f10bbb84815d" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">to per * 6. U.S. growth: On page 52, we noted that the growth rate of per capita GDP. the United States between 1870 and 1929 was slightly lower than 2.0%A the growth rate between 1950 and 2018 was slightly higher. Using the follows table, calculate the actual average annual growth rates during these twvo period Year US. income 1870 $3.629 1929 $9,827 1950 $16,294 $61,125 2018</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/the-data-in-the-table-below-are-for-the-country-of-eturia.-nominal-gdp-dollarbillions-real-gdp-dolla/55dc186a-49a5-40bb-b6c3-8db8da6ebe4f" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">am. 136.</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a></div></li><li class="m-w-[100%] list-none text-left hidden }"><div class="flex flex-col mt-40px w-[100%] sm:flex-row"><a href="/questions-and-answers/in-2010-the-country-of-lykesville-had-a-gdp-of-41400-and-the-country-of-greatst-gdp-of-20700-which-i/e65c5884-5925-4e09-8048-731ea3092532" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">1</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/the-following-table-gives-real-gdp-figures-for-an-economy-for-four-years.-fill-in-the-growth-rate-fo/10184ede-eab9-4dd0-ade4-9af4bcc07a93" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">The following table gives real GDP figures for an economy for four years. Fill in the growth rate for each year, and then find the average annual growth rate for the period. Enter all answers as percentages rounded to one decimal place. The average annual growth rate for this period is Year 1999 2000 2001 2002 %. Real GDP 140 billion 151.2 billion 166.3 billion 176.3 billion Growth Rate (%) % % %</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/iginal.-the-following-table-gives-a-country-nominal-gdp-for-2021-and-2022-in-billions-of-us-dollars-/0df0a126-107c-4be1-b274-489cc2f94a7f" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">iginal. The following table gives a country Nominal GDP for 2021 and 2022 in billions of US dollars: GDP, Nominal GDP Deflator (2016 = 1.0) 2021 2022 1,889 0.985 1,961 1.000 a. Calculate real GDP for 2021 and 2022, using the given GDP deflator. b. Calculate the growth rate of real GDP between 2021 and 2022? Show your work. c. Calculate the inflation rate for 2021-2022 based on the GDP deflator.</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a></div></li><li class="m-w-[100%] list-none text-left hidden }"><div class="flex flex-col mt-40px w-[100%] sm:flex-row"><a href="/questions-and-answers/the-table-below-gives-economic-data-for-the-small-island-economy-of-st.-arties.-all-data-was-compute/014095f6-acdc-418c-94f2-001107ebb3d0" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">The table below gives economic data for the small island economy of St. Artie's. All data was computed at the end of each year. Year GDP Deflator Nominal GDP 2017 100 2,000,000 2018 110 2,090,000 2019 115 2,190,000 2020 121 2,400,00 What was the Real GDP growth rate between the end of 2017 and the end of 2018? Group of answer choices 4.5% 10% -5% -10%</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/2.-using-the-table-below-gdp-is-in-dollarmillions-population-is-in-1000s-gdp-avg-annual-gdp-real-per/8fc2fa18-588a-4c76-8b96-9661b8c630fd" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">Hello, I sent this assignment a couple days ago and it was rejected as being too complex, but I was wondering if at least one of each was demonstrated with the formula so I could do the others on my own. Thank you</div></div><div class="flex ml-24px text-darkBlue900 text-24px"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" style="color:#5B63FE" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"></path></svg></div></div></div></a><a href="/questions-and-answers/use-the-following-table-to-calculate-nominal-and-real-inflation-adjusted-growth-in-country-as-gdp-pe/e9036dea-467a-4013-a886-7d4f86ffeb06" class="mr-24px" tabindex="0"><div class="mb-20px m-w-[100%] w-[250px] no-underline border-[1px] border-solid border-grey100 p-[16px] md:mb-0px md:w-[318px] m-h-[134px] leading-24px hover:bg-banner-info"><div class="odd:mr-0px flex items-end justify-between w-[100%]"><div class="flex overflow-hidden h-[100px] "><div style="display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:4" class="m-w-[350px] text-16px overflow-hidden text-grey-500">Use the following table to calculate nominal and real (inflation-adjusted) growth in Country A's GDP per capita. Based on your calculation, which of the following is true? 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What is the growth rate in the standard of living from 1950 to 1975?\n2.3 %\nb. What is the growth rate in the standard of living from 1975 to 2000?\n2.4 %\nc. What is the growth rate in the standard of living from 2000 to 2016?\n0.6 %","smallImageUrl":"https://content.bartleby.com/qna-images/question/6a6b1bde-c2f7-4db2-af15-07c7f5b7260a/2cccae7f-e15a-44e7-b8d3-daca10195bd8/sxvas6n_thumbnail.jpeg","imageUrl":"https://content.bartleby.com/qna-images/question/6a6b1bde-c2f7-4db2-af15-07c7f5b7260a/2cccae7f-e15a-44e7-b8d3-daca10195bd8/sxvas6n_processed.jpeg","width":1200,"height":783}],"subjects":[{"id":"d0d23379-4459-11e8-a2ac-0eefbb92016e","title":"Business","shortName":"business","smallImage":"https://isbn-assets.bnedcompass.com/subject_images/business/business.svg","subSubject":{"id":"d0f5bf57-4459-11e8-a2ac-0eefbb92016e","title":"Economics","shortName":"economics","smallImage":"https://isbn-assets.bnedcompass.com/subject_images/business/economics.svg"}},{"id":"d0f5bf57-4459-11e8-a2ac-0eefbb92016e","title":"Economics","shortName":"economics","smallImage":"https://isbn-assets.bnedcompass.com/subject_images/business/economics.svg"}],"sampleQuestion":false,"createdDate":"2024-11-18T19:42:22.000Z","questionSource":"User","topics":[],"selectedText":null,"topicTaxonomy":[],"answeredDate":"2024-11-18T20:01:58.000Z","hasMicroExplainers":false,"microExplainersData":[],"computed":{"subject":{"id":"d0f5bf57-4459-11e8-a2ac-0eefbb92016e","title":"Economics","shortName":"economics","smallImage":"https://isbn-assets.bnedcompass.com/subject_images/business/economics.svg"},"childSubjectTitle":"Economics"}},"answer":{"id":"eec7dbac-663f-42e0-9376-a66c86094e64","status":"Accepted","questionId":"2cccae7f-e15a-44e7-b8d3-daca10195bd8","createdDate":"2024-11-18T20:01:58.000Z","steps":[],"rejectionMessage":null,"imagesProcessed":0,"primaryRejectionReason":null,"secondaryRejectionReason":null,"numberOfAnswerSteps":0,"schemaAnswerSteps":"a. Growth rate from 1950 to 1975Starting GDP per capita (1950) = $13,327Ending GDP per capita (1975)…","previewAnswer":true,"hasMicroExplainers":false,"certified":false,"hasVideo":false},"isOwned":false,"isRestricted":false,"exactMatch":null,"parentQuestion":null,"isBlocked":false,"followUpQuestions":[],"defaultTopicAdded":false,"inReview":false,"isUnlocked":false,"practicePacks":[],"solutionSummaryDetails":{"imagesCount":0,"stepsCount":2,"hasVideo":false,"isPopular":false,"aiSummary":null},"isAiResponse":false,"isAiResponseAccepted":null,"answerSource":"COURSE_HERO","fullAnswerDisplayed":false,"isGoogleBot":false},"qnaStats":{"numberOfUpVotes":0,"numberOfDownVotes":0,"numberOfStars":null,"shouldShowRating":false,"pageViews":null},"followUpQuestions":[],"liveChatSupport":{"isLiveChatEnabled":false,"id":"d0f5bf57-4459-11e8-a2ac-0eefbb92016e","title":"Economics","shortName":"economics","waitQueueTooLong":false},"shouldHideFollowUpForCurrentSubject":false,"questionHeaderText":"The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %","acceptedAnswerText":"","isBookshelved":false,"bookmarks":[],"questionText":"The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %","qnaQuestionXmlSchemaData":{"@context":"https://schema.org","@type":["QAPage","WebPage"],"mainEntityOfPage":{"@type":"WebPage","@id":"https://www.bartleby.com/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/2cccae7f-e15a-44e7-b8d3-daca10195bd8"},"name":"Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %","description":"Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %","inLanguage":"en","headline":"Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %","datePublished":"2024-11-18","dateModified":"2024-11-18","isAccessibleForFree":"False","hasPart":{"@type":"WebPageElement","isAccessibleForFree":"False","cssSelector":".paywall"},"mainEntity":{"@type":"Question","name":"Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %","text":"Please correct answer and don't used hand raiting The table below shows real GDP per capita for the United States between the years 1950-2016.Real GDP per Capita over TimeReal GDP perCapita (dollars)Year1950197520002016$13,32723,43942,76047,142Instructions: Round your answers to one decimal place.a. What is the growth rate in the standard of living from 1950 to 1975?2.3 %b. What is the growth rate in the standard of living from 1975 to 2000?2.4 %c. What is the growth rate in the standard of living from 2000 to 2016?0.6 %","answerCount":1,"dateCreated":"2024-11-18","acceptedAnswer":{"@type":"Answer","text":"a. Growth rate from 1950 to 1975Starting GDP per capita (1950) = $13,327Ending GDP per capita (1975)…"},"url":"https://www.bartleby.com/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/2cccae7f-e15a-44e7-b8d3-daca10195bd8"}},"breadcrumbXmlSchemaData":{"@context":"http://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://www.bartleby.com/","name":"Bartleby Textbook Solutions"}},{"@type":"ListItem","position":2,"item":{"@id":"https://www.bartleby.com/subject/business","name":"Business Q\u0026A and Textbook Solutions"}},{"@type":"ListItem","position":3,"item":{"@id":"https://www.bartleby.com/subject/business/economics","name":"Economics Q\u0026A, Textbooks, and Solutions"}},{"@type":"ListItem","position":4,"item":{"@id":"https://www.bartleby.com/subject/business/economics/questions-and-answers","name":"Economics Q\u0026A Library"}},{"@type":"ListItem","position":5,"item":{"@id":"https://www.bartleby.com/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/2cccae7f-e15a-44e7-b8d3-daca10195bd8","name":"The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. What is the growth rate in the standard of living from 2000 to 2016? 0.6 %"}}]},"solutionVideoXmlSchemaData":null,"topicVideoXmlSchemaData":null,"qnaBreadcrumbProps":{"breadcrumbWithH1Props":{"h1Text":"The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. 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Table below shows nominal GDP, the GDP deflator and the\npopulation for the U.S. for 2019 and 2020.\nYear Nominal GDP GDP deflators Population\n( in $ billions)\n|2019|\n1987 = 100\n(in millions)\n4567\n51.2\n240\n2020\n6532\n116.8\n280\nUsing the information contained in the above table, calculate:\n(a) Growth rate of Nominal GDP\n(b) Growth rate of population\n(c) Growth rate of real GDP\n(d) Growth rate of real GDP per capita"},{"questionUrl":{"href":"/questions-and-answers/the-table-below-gives-the-countrys-gdp-population-size-and-price-level-over-a-three-year-period.-201/cad612fa-c357-4d99-9293-052cc8937032"},"questioText":"The table below gives the country's GDP, population size, and price level over a three-year period.\n2018\n2019\n2020\nNominal GDP\n14999\n16866\n23851\nPopulation\n213\n291\n337\nPrice Level\n100\n105\n116\nGiven the information above, calculate the following:\n(d) The Real GDP in 2020\n(f) Nominal GDP per capita growth rate between 2019 and 2020\n%\n(e) Nominal GDP growth rate between 2018 and 2019\n(g) Real GDP growth rate between 2018 and 2019\n%\n(h) Real GDP per capita growth rate between 2019 and 2020\nThe economy is in short-run equilibrium in 2020 and the potential GDP of the economy is 37282. Given this information, calculate the\nfollowing:\n(i) The output gap in 2020\n(j) The output gap in 2020 if the price level was 125 instead of 116"},{"questionUrl":{"href":"/questions-and-answers/the-table-below-shows-real-gdp-per-capita-for-the-united-states-between-the-years-1950-2016.-real-gd/0b032120-ad35-4d26-8017-8d35ff24c63d"},"questioText":"The table below shows real GDP per capita for the United States between the years 1950-2016.\nReal GDP per Capita over Time\nReal GDP per Capita\n(dollars)\nYear\n1950\n1975\n2000\n2016\n$13,819\n24,601\n43,935\n52,172\nInstructions: Round your answers to one decimal place.\na. What is the growth rate in the standard of living from 1950 to 1975?\n%\nb. What is the growth rate in the standard of living from 1975 to 2000?\n%\nc. What is the growth rate in the standard of living from 2000 to 2016?\n%"},{"questionUrl":{"href":"/questions-and-answers/a.-complete-the-table-below.-123456789101112-201820192020ltemqty2018-pricesnominal-gdpqty2019-prices/7e522ed6-4d5a-4421-babc-6fced6d39723"},"questioText":"The data in the table below show the total output (a\nmixture of consumer, capital, and government services)\nand the prices of each product for the distant country of\nVindaloo. (All figures are in billions and the base year is\n2018.)\na. Complete the table below.\n123456789101112\nPricesNominal GDPQty2019\nPricesNominal GDPReal GDPQty2020\nPrices Nominal GDPReal GDPPizzas32$8$ 36$9$ $ 40$10$\n$ Movie tickets226 248 268 Farm tractors4105\n595 6110 Parking meters640 750 460 Totals\n201820192020ltemQty2018\nb. The value of nominal GDP in 2018 is $, in 2019 is $,\nand in 2020 is $.\nc. The value of real GDP in 2018 is $, in 2019 is $, and in\n2020 is $.\nd. The value of the GDP deflator in 2018 is, in 2019 is,\nand in 2020 is. Answer to one decimal place.\ne. The inflation rate (using the GDP deflator) in 2019 is %\nand 2020 is %. Answer to one decimal place.\nf. Suppose that the representative consumer in Vindaloo\nbuys 5 units of each consumer good.\nIn this case the cost of the bundle in 2018 is $, in 2019…"},{"questionUrl":{"href":"/questions-and-answers/6.-u.s.-growth-on-page-52-the-united-states-between-1870-and-1929-was-slightly-lower-than-20percent-/f8068aec-569d-4280-bfe1-f10bbb84815d"},"questioText":"to\nper\n* 6. U.S. growth: On page 52, we noted that the growth rate of per capita GDP.\nthe United States between 1870 and 1929 was slightly lower than 2.0%A\nthe growth rate between 1950 and 2018 was slightly higher. Using the follows\ntable, calculate the actual average annual growth rates during these twvo period\nYear\nUS. income\n1870\n$3.629\n1929\n$9,827\n1950\n$16,294\n$61,125\n2018"},{"questionUrl":{"href":"/questions-and-answers/the-data-in-the-table-below-are-for-the-country-of-eturia.-nominal-gdp-dollarbillions-real-gdp-dolla/55dc186a-49a5-40bb-b6c3-8db8da6ebe4f"},"questioText":"am. 136."},{"questionUrl":{"href":"/questions-and-answers/in-2010-the-country-of-lykesville-had-a-gdp-of-41400-and-the-country-of-greatst-gdp-of-20700-which-i/e65c5884-5925-4e09-8048-731ea3092532"},"questioText":"1"},{"questionUrl":{"href":"/questions-and-answers/the-following-table-gives-real-gdp-figures-for-an-economy-for-four-years.-fill-in-the-growth-rate-fo/10184ede-eab9-4dd0-ade4-9af4bcc07a93"},"questioText":"The following table gives real GDP figures for an economy for four years.\nFill in the growth rate for each year, and then find the average annual growth rate for the period.\nEnter all answers as percentages rounded to one decimal place.\nThe average annual growth rate for this period is\nYear\n1999\n2000\n2001\n2002\n%.\nReal GDP\n140 billion\n151.2 billion\n166.3 billion\n176.3 billion\nGrowth Rate (%)\n%\n%\n%"},{"questionUrl":{"href":"/questions-and-answers/iginal.-the-following-table-gives-a-country-nominal-gdp-for-2021-and-2022-in-billions-of-us-dollars-/0df0a126-107c-4be1-b274-489cc2f94a7f"},"questioText":"iginal. The following table gives a country Nominal GDP for 2021 and 2022 in billions\nof US dollars:\nGDP, Nominal\nGDP Deflator (2016 = 1.0)\n2021\n2022\n1,889\n0.985\n1,961\n1.000\na. Calculate real GDP for 2021 and 2022, using the given GDP deflator.\nb. Calculate the growth rate of real GDP between 2021 and 2022? Show your work.\nc. Calculate the inflation rate for 2021-2022 based on the GDP deflator."},{"questionUrl":{"href":"/questions-and-answers/the-table-below-gives-economic-data-for-the-small-island-economy-of-st.-arties.-all-data-was-compute/014095f6-acdc-418c-94f2-001107ebb3d0"},"questioText":"The table below gives economic data for the small island economy of St. Artie's. All data was computed at the end of each year.\n \n\n\n\nYear\nGDP Deflator\nNominal GDP\n\n\n2017\n100\n2,000,000\n\n\n2018\n110\n2,090,000\n\n\n2019\n115\n2,190,000\n\n\n2020\n121\n2,400,00\n\n\n\n \nWhat was the Real GDP growth rate between the end of 2017 and the end of 2018?\n\nGroup of answer choices\n\n4.5%\n\n\n10%\n\n\n-5%\n\n\n-10%"},{"questionUrl":{"href":"/questions-and-answers/2.-using-the-table-below-gdp-is-in-dollarmillions-population-is-in-1000s-gdp-avg-annual-gdp-real-per/8fc2fa18-588a-4c76-8b96-9661b8c630fd"},"questioText":"Hello, I sent this assignment a couple days ago and it was rejected as being too complex, but I was wondering if at least one of each was demonstrated with the formula so I could do the others on my own. \nThank you"},{"questionUrl":{"href":"/questions-and-answers/use-the-following-table-to-calculate-nominal-and-real-inflation-adjusted-growth-in-country-as-gdp-pe/e9036dea-467a-4013-a886-7d4f86ffeb06"},"questioText":"Use the following table to calculate nominal and real (inflation-adjusted) growth in Country A's GDP per capita. Based on your calculation, which of the following is true? [Select one answer] \n \n\n\n\nYear\nNominal per capita GDP\nCPI (price index)\nReal per capital GDP\n\n\nYear 1\n1000\n1\n1000\n\n\nYear 2\n1500\n1.1\n1363.64\n\n\n\n\n\n\n \n\nThere is not enough information to calculate the growth rate\nThe nominal growth is 36.36%\nThe nominal growth is 50%\nThe nominal growth rate is 500%"},{"questionUrl":{"href":"/questions-and-answers/given-the-statistics-in-the-table-below-which-of-the-following-statements-is-true-bangaladesh-gdp-pe/8c6c892d-aeb9-4951-a483-d70531acebf2"},"questioText":"Given the statistics in the table below, which of the following statements is true?\nBangaladesh GDP per person\n(2010 constant U.S. dollars)\n$1002.39\n$1062.04\n$1127.27\n$1203.22\nYear\n2015\n2016\n2017\n2018\nKenya GDP per person (2010\nconstant U.S. dollars)\n$1093.13\n$1129.71\n$1157.05\n$1202.13\nFrom 2015 to 2018, Kenya's standard of living always exceeded Bangladesh's standard of living.\nBy the year 2018, Bangladesh had caught up with Kenya in terms of standard of living.\nFrom 2015 to 2018, Kenya's economic growth always exceeded Bangladesh's economic growth.\nFrom 2015 to 2018, Kenya's economic growth rate was always negative."},{"questionUrl":{"href":"/questions-and-answers/use-the-data-for-the-country-of-new-finlandia-in-the-following-table-to-calculate-the-following-real/e051dade-5298-4718-afef-25936c0d4f3c"},"questioText":"Please typed not Handwritten!!!"},{"questionUrl":{"href":"/questions-and-answers/consider-the-following-table.-year-gdp-population-2019-13-million-1481-2020-20-million-1395-calculat/2509b2bd-217b-42ae-9236-e50b48cf59e9"},"questioText":"Argunt please"},{"questionUrl":{"href":"/questions-and-answers/2021-2022-milk-price-quantity-price-year-dollars-quarts-dollars-2020-1-200-2-1-2-2-400-400-honey-4-q/1696347e-b7f6-4164-aef6-216d07095693"},"questioText":"Percentage change"},{"questionUrl":{"href":"/questions-and-answers/he-table-above-gives-the-prices-and-quantities-for-a-fictional-country-that-only-produces-video-game/558a9c73-d683-4072-9560-516c3e0fbbbf"},"questioText":"The table above gives the prices and quantities for a fictional country that only produces video games and movies. What is the growth rate of Nominal GDP from 2007 to 2008?\n\n\n100%\n\n \n200%\n6,300\n12,600\n \nHere is the chart!! :\n\n \n\n\n\n\n \n2007 \n2007\n \n2008 \n2008 \n\n\nVideo games\nPrice ($)\nQuantity\n \nPrice ($)\nQuantity \n\n\nMovies\n60 \n100\n \n60 \n200\n\n\n \n15 \n20\n \n12 \n50"},{"questionUrl":{"href":"/questions-and-answers/year-nominal-gdp-in-billion-real-gdp-and-real-gdp-per-capita-population-in-million-gdp-deflator-2000/08dc1bda-6397-41fb-ab78-532fdfef4f1f"},"questioText":"Year\nnominal GDP\n(in billion)\nReal GDP and Real GDP per capita\npopulation\n(in million)\nGDP deflator\n2000\n9,951\n88.72\n2005\n12,623\n100\n2010\n14,499\n110.99\n2015\n18,012\n122.03\na. Which year is the base year? Justify your answer.\nb. Calculate the real GDP per capita growth from 2000 to 2015. Show your work!\n282.296\n296.115\n309.733\n322.583\nreal GDP\nreal GDP per capita"},{"questionUrl":{"href":"/questions-and-answers/from-the-worlds-largest-economies-2016-visual-we-can-conclude-which-of-the-following-to-be-the-most-/9132f014-7b73-466a-a1c3-4ae170acf44d"},"questioText":"From the World's Largest Economies 2016 visual, we can conclude which of the following to be the most true?\n\n\nA) China had the highest living standards in the world.\n\n\nB) People in Japan had higher living standards than people in Italy.\n\n\nC) The United States has had the highest living standards in the world for over a decade.\n\n\nD) There is no correlation between GDP and GDP per capita when measuring living standards."},{"questionUrl":{"href":"/questions-and-answers/the-table-gives-data-on-an-economys-real-gdp-and-population-in-2019-and-2020.-year-2019-2020-real-gd/dcb238ba-7d04-4337-9a49-7c102ca176f7"},"questioText":"The table gives data on an economy's real GDP and population in 2019 and 2020.\n\nIf the current real GDP growth rate and population growth rate are maintained, real GDP per person will double in approximately ____ years\n\n\n\nAnswer with a whole number"},{"questionUrl":{"href":"/questions-and-answers/statement-canada-guatemala-hong-kong-korea-niger-united-kingdom-this-economy-experienced-the-fastest/c3dd8381-88fd-4e57-83e4-3fa4376cd855"},"questioText":"Economic growth around the world\n\n\n\n\nThe following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010.\nThe real income-per-person figures are denominated in U.S. dollars with a base year of 2005. The following exercises will help you to understand the different growth experiences of these economies.\n\n\n\n\n\nEconomy\n\n\nReal Income per Person in 1960\n\n\nReal Income per Person in 2010\n\n\nAnnual Growth Rate\n\n\n\n\n(Dollars)\n\n\n(Dollars)\n\n\n(Percent)\n\n\n\n\n\nCanada\n12,946\n35,810\n2.06\n\n\nUnited Kingdom\n11,884\n32,034\n2.00\n\n\nKorea\n1,610\n28,702\n5.93\n\n\nHong Kong\n4,518\n44,070\n4.66\n\n\nGuatemala\n1,985\n3,859\n1.34\n\n\nNiger\n945\n570\n-1.01\n\n\n\n\n \n\n\n\n\nIndicate which economy…"},{"questionUrl":{"href":"/questions-and-answers/calculate-the-quarter-over-quarter-percentage-change-in-gdp-for-the-last-four-quarters-quarter-year-/006ded2f-2720-46a9-9d40-0b2fcf533b59"},"questioText":"Calculate the quarter-over-quarter percentage change in GDP for the last four quarters:\n\n\n\n\n\nQuarter-Year\n\n\nGDP (Billions USD)\n\n\n% GDP Growth\n\n\n\n\nQ4-2020\n\n\n5,267\n\n\n--\n\n\n\n\nQ1-2021\n\n\n5,301\n\n\n \n\n\n\n\nQ2-2021\n\n\n5,398\n\n\n \n\n\n\n\nQ3-2021\n\n\n5,718\n\n\n \n\n\n\n\nQ4-2021\n\n\n6,104"},{"questionUrl":{"href":"/questions-and-answers/use-the-following-information-to-calculate-the-growth-rate.round-to-two-decimal-places.-nominal-gdp-/b53d1484-57f4-4bf7-952b-a639974107d7"},"questioText":"Use the following information to calculate the growth rate. Round to two decimal places.\nNominal GDP Year 1: 7.5 trillion Real GDP Year 1: 9.2 trillion\nNominal GDP Year 2: 7.9 trillion Real GDP Year 2: 9.4 trillion"},{"questionUrl":{"href":"/questions-and-answers/download-the-usa-gdp-data-in-the-last-70-years-from-fred.-make-a-table-showing-the-average-growth-ra/61caf892-8776-4378-b080-0c3d61e2a2d0"},"questioText":"Download the USA GDP data in the last 70 years from FRED. Make a table showing the average growth\nrates in the last 70, 60, 50, 40, 30, 20 years and using these figures interpret the course of USA potential\nGDP growth through time. Do you think this is a good way to assess the development of potential GDP?\nWhy/why not? Can you drive graph?"},{"questionUrl":{"href":"/questions-and-answers/use-some-of-the-information-below-to-calculate-an-economys-2022-2023-economic-growth-rate.-2022-nomi/44b39c80-b630-4267-85c1-06f70d25e20e"},"questioText":"Use some of the information below to calculate an economy's 2022-2023 economic growth rate.\n2022 Nominal GDP: $200 billion\n2023 Nominal GDP: $205 billion\n2022 Real GDP: $227 billion\n2023 Real GDP: $236 billion\nSeptember 2022 Consumer Price Index: 150\nSeptember 2023 Consumer Price Index: 153\nSeptember 2022 Number of employed: 110 million\nSeptember 2023 Number of employed: 120 million\nSeptember 2022 Number of unemployed: 10 million\nSeptember 2023 Number of unemployed: 11 million\n5.3%\n2.0%\n4.0%\n2.5%\n5.6%"},{"questionUrl":{"href":"/questions-and-answers/year-real-gdp-2009-2010-dollar8-billion-dollar10-billion-population-1.0-million-1.2-million-instruct/1c60635a-12f0-4939-8679-c12708d0209d"},"questioText":"The table below contains data on real GDP and the population of a fictional country in 2009 and 2010\nanswer the following question"},{"questionUrl":{"href":"/questions-and-answers/suppose-that-the-gdp-of-california-increases-by-12percent-each-year.-how-long-will-it-take-for-the-g/609ab15a-a05d-4767-af7b-b79a9e6617d5"},"questioText":"Macmillan Learning\nSuppose that the GDP of California increases by 12% each year. How long will it take for the GDP of California to double?\nRound your answer to one digit after the decimal.\nduration for California's GDP to double:\nSuppose that the GDP of Oregon today is exactly twice what it was 22 years ago. What was the average annual growth for\nOregon over this time period? Round your answer to one digit after the decimal.\naverage annual growth for Oregon:\nyears\n% each year"},{"questionUrl":{"href":"/questions-and-answers/the-table-below-shows-data-over-several-years-for-a-countrys-real-gdp-the-number-of-full-time-employ/445b5a5f-b892-4c7b-be06-5bcef9724a18"},"questioText":"The table below shows data over several years for a country's real GDP, the number of full-time employed workers (E), and the annual average number of\nhours worked per worker (H).\na. \u0026 b. For each of the four years, compute real GDP per worker-a standard measure of labour productivity and a slightly more complex measure of\nlabour productivity-real GDP per hour worked. (Round your answers to the nearest cent.)\nYear\n1\n5\n10\n15\nReal GDP\n$524 billion\n$559 billion\n$661 billion\n$765 billion\nFull-time\nEmployed\nWorkers (E)\n12.8 million\n13.6 million\n14.3 million\n15.3 million\nNumber of\nHours Worked\nper Worker (H)\n2023\n1961\n1932\n1891\nGDP\nE\n$\n$\n$\nGDP\nEXH\n$"},{"questionUrl":{"href":"/questions-and-answers/consider-the-table-of-gdp-and-population-for-several-imaginary-countries.-countrv-wrigleyville-longh/8682b005-e306-4352-85ce-de9cb629a2d9"},"questioText":"Consider the table of GDP and population for several imaginary countries.\nCountrv\nWrigleyville\nLonghornland\nDinkvtown\nGDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars\n183.0\n115\n175.00\n559.0\n2965\n1.700\nUsing this information, please answer the questions. If there is not enough information to answer a question, please enter -11\nA. What is the GDP per capita of Longhornland in Ủ.S. dollars? Express your answer rounded to one decimal place.\nB. What is the GDP of Dinkytown in millions of Ủ.Š. dollars? Express your answer rounded to one decimal place."},{"questionUrl":{"href":"/questions-and-answers/united-hong-kong-statement-canada-guatemala-korea-niger-kingdom-this-economy-had-the-highest-level-o/fbd6deb4-1295-46c3-a6c6-8b7266f21ee3"},"questioText":"Economic growth around the world\n\n\n\n\nThe following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010."},{"questionUrl":{"href":"/questions-and-answers/consider-the-following-data-on-the-pakistan-economy-nominal-gdp-gdp-deflator-year-in-billions-of-rup/80127fe8-da5c-4a9d-b63a-8a7c4d8e53a4"},"questioText":"Consider the following data on the Pakistan economy:\n\nNominal GDP GDP Deflator \nYear (in billions of rupees) (base year 2012)\n2018 21,501 111.4\n1998 9,163 76.3\n \n\nWhat was the growth rate of nominal GDP between 1998 and 2018? (Hint: The growth rate of a variable X over an N-year period is calculated as [(Xfinal/Xinitial)1/N – 1] x 100). \nWhat was the growth rate of the GDP deflator between 1998 and 2018? \n\n\nWhat was real GDP in 1998 measured in 2012 prices? \n\n\nWhat was real GDP in 2018 measured in 2012 prices? \nWhat was the growth rate of real GDP between 1998 and 2018? \nWas the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain."},{"questionUrl":{"href":"/questions-and-answers/as-you-learned-in-the-most-recent-chapter-gdp-is-the-broadest-measure-of-economic-health-in-the-u.s./a105b5bd-b039-4af8-b748-0cb539cfea0d"},"questioText":"As you learned in the most recent chapter, GDP is the broadest measure of economic health in the U.S. Therefore, the discussion forum for the week will ask you to discuss GDP in your own words. Specifically,\n \n\nBusiness leaders, Government officials, and investors are often fixated on GDP results and economic growth. Why? What does it matter?\nThe same level of interest is given to productivity. What is it and why does it matter in the scheme of things?\nWhat does GDP fail to tell us?"},{"questionUrl":{"href":"/questions-and-answers/cmillan-learning-consider-the-table-of-gdp-and-population-for-several-imaginary-countries.-dollar-co/bb6c1a6d-917e-4626-b735-31aa9186a0fe"},"questioText":"cmillan Learning\nConsider the table of GDP and population for several imaginary countries.\n$\nCountry\nWrigleyville\nLonghornland\nDinkytown\n$\nUsing this information, please answer the questions. If there is not enough information to answer a question, please enter -11.\nA. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place.\n20.6\nIncorrect\nGDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars\n145.0\n125\n221.00\n128.7\n559.0\n2913\nB. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place.\nIncorrect\n1.900"},{"questionUrl":{"href":"/questions-and-answers/you-are-given-the-following-information-for-an-economy.-real-gdp-dollar700000-dollar750000-2018-2019/2e1b8a37-ec09-4856-9974-53af12f2174a"},"questioText":"You are given the following information for an economy.\nReal GDP\n$700,000\n$750,000\n2018\n2019\nFrom the information calculate the following:\nCalculate the real GDP per person for 2018 and 2019\n• Calculate the economic growth rate from 2018-19\nMake sure to show the steps.\n●\nFor the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).\nBIUS Paragraph\nArial\nll\nP\n↑\n=·• |||\nPopulation\n1500\n1800\nווין\nŤ {}\nKy\nX² X₂\n+\n3\n10pt\n\u003e¶¶\nABC\n\u003e\n|||\n\u003e\nInsert a math equation - MathType\n¶T\nΠΩΘ\n\u003e\nIx\nǐ\nA\nX\n\u003e\nX\n18\nQ\nAH\n↑\n:\n□ AÐ\n旺图\nO WORDS POWERED BY TINY"},{"questionUrl":{"href":"/questions-and-answers/from-the-data-in-this-table-what-would-a-be-in-2021-capital-population-workers-gdp-real-gdp-year-202/3f8bd4b4-4aca-413f-8c9c-2c90e576adb1"},"questioText":"From the data in this table, what would A be in 2021?\nCapital\nPopulation Workers GDP\nReal GDP\nYear\n(2021 values\nCPI\n(millions)\n(millions) Deflator\n(millions)\nin millions)\n2021\n100\n50\n115\n$10,000,000 6,000,000 275\n2071\n200\n100\n250\n$20,000,000 30,000,000 515\nA = level of technology"},{"questionUrl":{"href":"/questions-and-answers/a.-b.-c.-d.-which-country-experienced-the-largest-average-rate-of-growth-between-1995-and-2021-how-d/977d43e7-3586-44df-95af-213bc4861686"},"questioText":"The following graph illustrates the natural logarithm of real GDP per capita for Estonia (EST),\nLithuania (LTU), and Latvia (LVA) for each year from 1995 to 2021.\n10.5\n10\n9.5\n8.5\n8\nNatural Logarithm of Real GDP per\n1995 1997 1999 2001\n2003\n2005 2007 2009 2011 2013 2015 2017 2019 2021\nEST\nWorker\n•LTU\nLVA"},{"questionUrl":{"href":"/questions-and-answers/why-would-an-economist-use-real-gdp-rather-than-nominal-gdp-to-measure-growth-nominal-gdp-allows-you/d460d764-34a5-4f95-b2f0-6334db69204d"},"questioText":"Why would an economist use real GDP rather than\nnominal GDP to measure growth?\nNominal GDP allows you to compare\nGDP from different years\nNominal GDP is a better measure of a\nnation's standard of living\nReal GDP is adjusted for inflation and\nreflects output/production more\naccurately\nReal GDP is calculated for a longer\nperiod of time than does nominal GDP"},{"questionUrl":{"href":"/questions-and-answers/1-please-answer-the-questions-related-to-graph-below-30000-britain-japan-italy-25000-china-india-200/811ac066-45d8-43ab-9ac3-2e0aee73983e"},"questioText":"1) Please answer the questions related to graph below:\n30,000\nBritain\nJapan\nItaly\n25,000\nChina\nIndia\n20,000\n15,000\n10,000\n5,000\n1000\n1200\n1400\n1600\n1800\n2000\nYear\na) What economist call the shape of the line above and why?\nb) What does it mean Gross Domestic Product (GDP) per capita?\nc) How do we calculate GDP per Capita?\nd) What is the difference between GDP per capita and disposable income?\ne) We observe a sustained growth in average living standards since 1700 in above graph.\nHow did this happen?\nGDP per capita"},{"questionUrl":{"href":"/questions-and-answers/what-is-gdp-what-is-real-gdp-what-is-per-capita-gdp-why-is-our-gdp-shrinking-in-the-ongoing-corona-v/c23c7a96-6b25-411c-afaa-b42dd93f5423"},"questioText":"What is GDP? What is real GDP ? What is per capita GDP ? Why is our GDP shrinking in the ongoing Corona Virus Crisis? What is a clear indication that the GDP will be decreasing?"},{"questionUrl":{"href":"/questions-and-answers/the-following-table-shows-data-for-a-hypothetical-economy-in-2017-and-2018.-use-the-table-to-answer-/43ba4c86-63ac-4dc1-b351-04948c869bfd"},"questioText":"The following table shows data for a hypothetical economy in 2017 and 2018.\nUse the table to answer the questions that follow.\n\n\n\n\n\n\n \n\n\n2017\n\n\n2018\n\n\n\n\n\nPopulation\n800,000\n808,000\n\n\nNumber of Hours Worked\n2,000,000,000\n2,000,000,000\n\n\nReal GDP\n$16,000,000,000\n$16,644,800,000\n\n\nReal GDP per Person\n\n \n\n\n \n\n\n\nLabor Productivity\n\n \n\n\n \n\n\n\n\n2. The growth rate of the population between 2017 and 2018 is ? \n3.Calculate real GDP per person in 2017 and 2018 and enter the values in the previous table.\n\n\nThe growth rate of real GDP per person between 2017 and 2018 is ?\n \n4.\nAssuming that real GDP per person is a good measure of living standards, between 2017 and 2018, living standards for which of the following reasons?\n\n\n\na.Productivity growth outpaced population growth.\n\n\n \n\n\nb.The number of hours worked remained the same.\n\n\n \n\n\nc.Population growth outpaced productivity growth."}],"gtmPageLocation":{"name":"Knowledge Booster"},"newlyPublishedQnaZippies":[]},"stickyHeaderProps":{"text":"The table below shows real GDP per capita for the United States between the years 1950-2016. Real GDP per Capita over Time Real GDP per Capita (dollars) Year 1950 1975 2000 2016 $13,327 23,439 42,760 47,142 Instructions: Round your answers to one decimal place. a. What is the growth rate in the standard of living from 1950 to 1975? 2.3 % b. What is the growth rate in the standard of living from 1975 to 2000? 2.4 % c. 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The annual worth is the annual cash flow…","href":"/questions-and-answers/with-the-estimates-shown-below-sarah-needs-to-determine-the-trade-in-replacement-value-of-machine-x-/1cbd92d0-62ea-4bc4-a129-a284f225d88c"},{"question":"Cable TV - HBO\nRead the Cable TV-HBO case and answer the questions included at the end.\nCABLE TV…","answer":"6. What type of innovation is cable television, according to the Oslo manual?According to the Oslo…","href":"/questions-and-answers/cable-tv-hbo-read-the-cable-tv-hbo-case-and-answer-the-questions-included-at-the-end.-cable-tv-case-/9c5d1b27-eeb0-46db-9b0a-a434ff03acc3"},{"question":"Please correct answer and don't use hand raiting","answer":"Marginal cost - It is the additional cost a business incurs when it produces one more unit of a…","href":"/questions-and-answers/the-following-graph-shows-average-fixed-costs-average-variable-costs-average-total-costs-and-margina/e16b3821-86ec-4f9f-9383-20abd9bd1651"},{"question":"Angrist and Krueger (1991) establish a relationship between the quarter of birth and\neducational…","answer":"Hope this helps","href":"/questions-and-answers/angrist-and-krueger-1991-establish-a-relationship-between-the-quarter-of-birth-and-educational-attai/8e036bfb-9541-4be2-815b-b21d3b046a95"},{"question":"Oct 21, 2024 at 7:43 AM\nWhy are most PPFs for goods bowed outward\n(concave downward)?","answer":"A PPF is bowed outward because not all resources are well suited to the production of all goods. If…","href":"/questions-and-answers/oct-21-2024-at-743-am-why-are-most-ppfs-for-goods-bowed-outward-concave-downward/518296ec-c794-45c8-8034-e920449cd3fd"},{"question":"What is the terms of sale in Australia such as EX works, FOB,FAS, C\u0026amp;F, and CIF? Explain","answer":"1. EX Works (EXW)Definition: The seller's responsibility ends once the goods are made available at…","href":"/questions-and-answers/what-is-the-terms-of-sale-in-australia-such-as-ex-works-fobfas-candampf-and-cif-explain/8ffca517-a272-4e90-accd-04efea7046ef"},{"question":"What is the evolution of African governments' economic diplomacy since the post-World War II period…","answer":"The evolution of African governments' economic diplomacy since the post-World War II period reflects…","href":"/questions-and-answers/what-is-the-evolution-of-african-governments-economic-diplomacy-since-the-post-world-war-ii-period-a/d26b7623-f829-4048-8732-11326da8ef08"},{"question":"How do I find out the rates and occupants for a discounted rate and a weekly rate based on the…","answer":"Single rate for any day of the week:First, let's find the demand functions for weekdays and…","href":"/questions-and-answers/hotel-room-pricing-a-hotel-has-500-rooms.-during-a-typical-week-in-the-holiday-season-the-hotel-is-b/7ea0dd21-b84b-4f9e-8840-e552743198bd"},{"question":"Which of the following is least likely to be associated with market failure, and is consequently…","answer":"To identify the option least likely to be associated with market failure, let's review the typical…","href":"/questions-and-answers/which-of-the-following-is-least-likely-to-be-associated-with-market-failure-and-is-consequently-leas/c93089ec-aede-4612-afdb-4b470924f1c5"},{"question":"able: Production Possibilities for Tractors and Crude Oil\n\n\n\nCountry\nTractors\nCrude Oil(thousands of…","answer":"In economics, the concept of Absolute Advantage refers to the ability of a party (an individual, or…","href":"/questions-and-answers/able-production-possibilities-for-tractors-and-crude-oil-country-tractors-crude-oil-thousands-of-bar/055fd4d2-228a-48d5-8144-b31014849972"},{"question":"An engineer has designed a valve that will regulate water pressure on an automobile engine. 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The multiplier effect of a change in government purchases\nConsider a…","answer":"Marginal Propensity to Consume (MPC): The MPC is basically the fraction of additional income that is…","href":"/questions-and-answers/attempts-average-3-4.-the-multiplier-effect-of-a-change-in-government-purchases-consider-a-hypotheti/1671770d-c246-4d3c-a682-1c7075671a5f"},{"question":"How do companies utilize price discrimination to maximize profit, and how do consumers experience…","answer":"Step 1:Price discrimination refers to the practice of charging different prices for the same good or…","href":"/questions-and-answers/how-do-companies-utilize-price-discrimination-to-maximize-profit-and-how-do-consumers-experience-dea/92de0361-e4de-4490-9bef-9bc97b2a74e4"},{"question":"s/1528/quizzes/19107/take\nQuestion 2\nMost employers initially spend less than one minute looking at…","answer":"The statement is about the amount of time most employers spend on an initial review of a resume.…","href":"/questions-and-answers/s1528quizzes19107take-question-2-most-employers-initially-spend-less-than-one-minute-looking-at-a-re/e48f47db-7199-400e-9c06-c0e50f82859b"},{"question":"Question 1:\nThe roots of China's extraordinary economic growth and development has remained\na source…","answer":"China's remarkable economic growth and development over the past few decades has been a subject of…","href":"/questions-and-answers/question-1-the-roots-of-chinas-extraordinary-economic-growth-and-development-has-remained-a-source-o/455a7f20-f92a-40c5-9145-2346bd82bfbb"},{"question":"Consider a consumer with utility U(x) = log x₁ + √x2 for 2-good bundles.\n1. Are the consumer's…","answer":"Homothetic preferences are those where the marginal rate of substitution (MRS) is homogeneous of…","href":"/questions-and-answers/consider-a-consumer-with-utility-ux-log-x-x2-for-2-good-bundles.-1.-are-the-consumers-preferences-ho/8a26262a-22de-4192-84af-bcad840266a1"},{"question":"Consider the following production functions, where q is the quantity produced of the good, K\nis the…","answer":"To determine the returns to scale for a production function, we need to multiply the inputs by a…","href":"/questions-and-answers/consider-the-following-production-functions-where-q-is-the-quantity-produced-of-the-good-k-is-the-qu/2bb1f7d9-69d5-4fab-a7b4-8778c4143dfe"},{"question":"Answer in step by step with explanation.\nDon't use Ai and chatgpt.","answer":"Here's how to calculate the inflation rate from 2013 to 2014, using the Consumer Price Index (CPI)…","href":"/questions-and-answers/on-orca-island-people-consume-fish-sandwiches-and-snow-cones.-use-the-data-in-the-table-to-calculate/218bd731-d678-40b4-94f8-50076812dd9d"},{"question":"87\nSuppose the supply function for avocados (in avocados\nper month) is\nQ=58+15p-20pf,\nwhere pf is…","answer":"Given:Supply function: Q = 58 + 15p - 20pfIf the price of fertilizer rises by $1.20 per lb., then…","href":"/questions-and-answers/87-suppose-the-supply-function-for-avocados-in-avocados-per-month-is-q5815p-20pf-where-pf-is-the-pri/e596dc34-cf31-4f3a-b93f-de787deed55c"},{"question":"Power to remote transmitting station is provided by a Diesel-electric generating unit. 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