Scenario: In 2000, world GDP per capita was $5,500. In 2010, world GDP per capita was $9,500.
-Refer to the scenario above.What formula would you use to calculate the world average annual growth rate g?
A) g = (9,500 - 5,500) /10
B) g¹⁰ = (9,500 - 5,500)
C) 5,500 × (1 + g) ¹⁰ = 9,500
D) 9,500 × (1 + g) ¹⁰ = 5,500
Correct Answer:
Verified
Q220: World War II resulted in the destruction
Q221: Which of the following is a limitation
Q222: According to the Solow model,given the levels
Q223: GDP per capita in New Zealand grew
Q224: If a country is growing at an
Q225: Which of the following statements is true?
A)
Q226: According to the Solow model,which of the
Q227: The implication of the Solow model is
Q229: GDP per capita in Fiji grew from
Q230: Scenario: In 2000, world GDP per capita
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents