If the share of GDP used for capital goods is 0.28, the growth rate of productivity...

If the share of GDP used for capital goods is 0.28, the growth rate of productivity is 0.03, the growth rate of population is 0, the depreciation rate is 0.06, the initial capital/output ratio is 0.88, and the elasticity of GDP with respect to capital is 0.1, then what is the growth rate of the GDP per capita? Use 2 decimal places.

Expert Solution

Rahul Sunny answered 1 year ago

If the share of GDP used for capital goods is 0.02, the growth rate of productivity...

If the share of GDP used for capital goods is 0.02, the growth rate of productivity is 0, the growth rate of population is 0.03, the depreciation rate is 0.07, the initial capital/output ratio is 3.67, and the elasticity of GDP with respect to capital is 0.1, then what is the growth rate of the capital/output ratio? Use 2 decimal places.

If the share of GDP used for capital goods is 0.12, the growth rate of productivity...

If the share of GDP used for capital goods is 0.12, the growth rate of productivity is 0.01, the growth rate of population is 0.03, the depreciation rate is 0.06, the initial capital/output ratio is 2.85, and the elasticity of GDP with respect to capital is 0.3, then what is the growth rate of the GDP per capita? Use three decimal places.

Show how growth rate of GDP per capita is related to the growth rate of GDP...

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What is the current GDP growth rate? Also, examine the trend of GDP growth over the...

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8. Capital goods are treated as _ goods and, therefore, _ GDP. A. final; included in...

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Assume the population growth rate is 2 percent and thereal GDP growth rate is 5...

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4. What is the difference between the growth rate of nominal GDP, growth rate of real...

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The rate of growth of nominal GDP is 10 percent. The rate of inflation rate is...

The rate of growth of nominal GDP is 10 percent. The rate of inflation rate is 5 percent. The rate of growth of the population is 1%. What is the rate of growth or real GDP per capita? (b) What is the problem with using GDP (and GDP per capita) as a measure of economic performance and welfare?

Identify and discuss the factors determining the rate of productivity growth in Australia.

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