Calculate real growth per capita
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8. if nominal output is 250, and the price index is 150, what is real output?
3. Calculate real growth per capita in the following countries:
a. Democratic Republic of Congo: population growth = 3.0 percent; real output growth = -1.8 present.
b. Estonia: population growth = -0.4 percent; real output growth = 4.2 percent.
c. India: population growth = 2.0 percent; real output growth = 6 percent.
d. United States: population growth= 0.5 percent; real output growth = 2.5 percent
9. What will likely happen to the SAS curve in each of the following instances?
a. Productivity rises 3 percent; wages rise 4 percent.
b. Productivity rises 3 percent; wages rise 1 percent.
c. Productivity declines 1 percent; wages rise 1 percent.
d. Productivity rises 2 percent; wages rise 2 percent.
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8. if nominal output is 250, and the price index is 150, what is real output?
Real Output = Nominal output / Price Index = 250/150*100 =166.67
3. Calculate real growth per capita in the following countries:
a. Democratic Republic of Congo: population growth = 3.0 percent; real output growth = -1.8 present.
Real growth per capita = Real output growth - population growth ...
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