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e Question Completion Status: The following table shows the GDP per capita of country X for three years GDP per capita 1,500 1,745 2,050 1) Refer to the table above. At what rate did the country grow between 2005 and 2006? 12.49% B) 15.95% C) 16.33% | D) 18% Answer 2) Refer to the table above. At what rate did the country grow between 2006 and 2007? A) 13.63% B) 15.55% C) 17.47% | D) 19.24% Answer 3) Refer to the table above. If country X is expected to grow by 19% between the years 2007 and 2008, what is the expected GDP per capita for the year 2008? A) $1,882 B) S2.439.50 C) $2.763.90 D) $3,015
QUESTION 5 The following figure shows two credit demand curves, CDI and CD2. and two credit supply curves, CS1 and CS2. 1) Refer to the figure above. What is the equilibrium rate of interest when the credit demand curve is CD1 and the credit supply curve is CS1? A)2% B) 3% C) 4% D) 5% Answer:- 2) Refer to the figure above. What is the equilibrium quantity of credit when the credit demand curve is CD1 and the credit supply curve is CS1? A) S20 B) S30 C)$40 D) S50 Answer_
QUESTION 4 The following figure shows the labor demand curve, LDI, and labor supply curve, LS,in a market. A month later, the labor demand curve shifts to LD2 1) Refer to the figure above. What is the initial equilibrium wage rate and employment level? A) $20 and 40 units of labor B) $40 and 40 units of labor C) S50 and 40 units of labor D) S60 and 20 units of labor Answer 2) Refer to the figure above. What is the equilibriunm wage rate and employment level after the labor demand curve shifts to LD2? A) $10 and 60 units of labor B) $20 and 40 units of labor C) $40 and 30 units of labor D) S50 and 50 units of labor Answer 3) Refer to the figure above. If there is no wage rigidityin te labor market, how muclh
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Answer #1

Question 1) option c

Rate of growth =[( GDP2006 - GDP2005)/GDP_2005]*100

=( 1745-1500)/1500.   

= 16.33%

Q2) option c)

Growth rate =[( GDP2007- GDP2006)/GDP2006]*100

=( 2050-1745)/1745

= 17.47%

Q3) option b)

.19 =[( GDP2008- GDP2007)]/ GDP2007

.19 =( X - 2050)/2050

(.19*2050)+2050 = X

X = 2439.5

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