Chat with us, powered by LiveChat If real GDP per capita in the United States is $10,000, what will real GDP per capita in the United States be after five years if real GDP per capita grows - Writeden.com

If real GDP per capita in the United States is $10,000, what will real GDP per capita in the United States be after five years if real GDP per capita grows

  1. If real GDP per capita in the United States is $10,000, what will real GDP per capita in the United States be after five years if real GDP per capita grows at an annual rate of 2.9%? (Show your work and explain your answers.)
  2. Chile has a population of 19.5 million and a GDP of $253 billion. Denmark has a population of 6.25 million and a GDP of $327 billion. Which country has a higher standard of living, and why? How did you determine who has the better living standard? (Reference any academic and non-academic articles used to make this determination.)  
  3. Movement between which points in the following diagram would reflect only a technology change? Movement between which points in the following diagram would reflect only an increase in the available capital per worker? If a country is already fairly wealthy, what should it concentrate more on: increasing capital per worker or encouraging positive technological change? Why? (Explain each answer, do not just list letters.

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