skullrubble2513 skullrubble2513
  • 10-08-2020
  • Business
contestada

How much does real GDP per capita need to increase in South Korea in 2011 to achieve a growth rate consistent with its 60-year average (1950-2010)

Respuesta :

Parrain
Parrain Parrain
  • 11-08-2020

Answer:  $‭1,820

Explanation:

From the snapshot it is shown that for the period 1950 to 2010, South Korea had achieved a growth rate of 5.54% per annum.

In 2010, South Korea had a Real GDP of $32,855.

To maintain the 5.54% rate, the GDP pr capita would have to increase by;

= $32,855 * 5.54%

= $‭1,820.167‬

= $‭1,820

Ver imagen Parrain
Answer Link

Otras preguntas

What is the standard deviation of the following data set rounded to the nearest tenth? 11, 5, 12, 8, 5, 12, 10
Almost every cell in the human body is replaced every few years through the process of _____.
A group of intellectuals called _____, helped FDR's New Deal and came up with ideas to restructure the U.S. economy.
Factor x^2 + 7x -18 Please help
Can anyone help??? simplify: cos(126°)cos(36°) + sin(126°)sin(36°)
Solve the system using any algebraic method. Show all your steps. 19. 2x-5y=3 -4x+10y= -6 20. 8x+3y=10 -6x + y = -12
A sequence {an} is generated by the recursive formulas a1 = 5 and an = an-1 + 5(-1)n. Find, a343, the 343rd term of the sequence
Which of the following fractions is equivalent to 3/8!is it 6/14,9/24,4/9,15/35
What two layers make up skin? a. keratin and dermis c. epidermis and dermis b. epidermis and melanin d. melanin and keratin
Which colony was the first to promote religious tolerance?