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Tutorial 1 - economics 141 - language: English
Typology: Assignments
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The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population done in mid2014. According to the forecasts, approximately how much real growth will there be between 2018 and 2019? What is the per-capita real GDP projected to be in 2018 and in 2019? Compute the forecast rate of change in real GDP and per-capita real GDP between 2018 and 2019. Real GDP 2018 (billions) $18, Real GDP 2019 (billions) $18, Population 2018 (millions) 329. Population 2019 (millions) 331. a. How much real growth will there be between 2018 and 2019? Real GDP 2019 −Real GDP 2018 Real GDP 2018
b. What is the per-capita real GDP projected to be in 2018 and in 2019? per−capitareal GDP∈ 2018 = Real GDP 2018 / Population 2018 = 55029 per−capitareal GDP∈ 2019 = Real GDP 2019 / Population 2019 = 55363 c. Compute the forecast rate of change in real GDP and per-capita real GDP between 2018 and 2019 per −capita real GDP∈ 2019 − per −capita real GDP∈ 2018 per −capita real GDP∈ 2018
D. If the intercept coefficient for each function were increased by 10%. This is still similarly with the above picture. 2 positive liner and 1 negartive liner function. However, Y-intercept become more larger at the point of X=
