Growth rate of its real GDP
Assume an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. Describe the growth rate of its real GDP? Suppose that population was 100 in year 1 and 102 in year 2. Explain rate of GDP per capita?
Expert
Growth rate of real GDP will be 4 percent (= $31,200 - $30,000)/$30,000). GDP per capita in year 1 will be $300 (= $30,000/100). GDP per capita in year 2 is $305.88 (= $31,200/102). Growth rate of GDP per capita is 1.96 percent is ($305.88 - $300)/300).
Final Budget Summary: A document generated by the Department of Finance subsequent to enactment of the Budget Act that reflects the Budget Act, any vetoes to the language and/or appropriations, technical corrections to the Budget Act, and summing up t
Initiative: The power of electors to propose statutes or Constitutional amendments and to accept or reject them. An initiative should be limited to a single subject and be filed with the Secretary of State with the suitable number of voter signatures
What does this mean while we say that the correlation coefficient for two variables is -1? What does it mean if this value were zero? What does it mean if it were +1?Correlation is calculated by the correlation coefficient, represented through t
Sinking Fund: It is a fund or account in which money is deposited at customary intervals to offer for the retirement of bonded debt.
Why do analysts compute financial ratios? Ratios are comparative measures. Since the ratio illustrates relative value, they let financial analysts to compare information which could not be compared in its raw form. For instance, rati
Hi, I am a management student studying in a business school. I have given a case study (attached below in PDF) as evaluation. I was able to get an English version but since i am not familiar with the subject i don't know how to solve this. I would like to know if you can provide any solution f
Normal 0 false false
Summary Schedules: Different schedules in the Governor’s Budget Summary that summarize state revenues, expenditures and other fiscal and personnel data for the past, present, and budget years.
Feasibility Analysis: It is an analysis of the ability to finish a project successfully, taking into account legal, technological, economic, scheduling and various other factors. Instead of just diving into a project and hoping for th
Customers arrive at a bank with 2 tellers. The manager took the following data for 11 customers during a busy time. The manager has asked you to:(a) Create an event log. (b) Calculat
18,76,764
1934908 Asked
3,689
Active Tutors
1424703
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!