1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galben [10]
3 years ago
6

Mexico​'s real GDP was 1 comma 761 billion pesos in 2005 and 1 comma 822 billion pesos in 2006. Mexico​'s population growth rate

in 2006 was 1.5 percent. Calculate Mexico​'s economic growth rate and growth rate of real GDP per person in 2006.
Business
2 answers:
enot [183]3 years ago
5 0

Answer:

Growth rate of the Economy = 3.463%

Growth of real GDP per person = 1.963

Explanation:

Okay, so the question says to calculate the economic growth rate for Mexico and the growth rate of real GDP pre person in the year 2006

First step,

We weant to know the Economic Growth Rate

Formula= (GDP in 2006 - GDP in 2005)/ GDP in 2005) x 100

= 1,822 billion - 1,761 billion/ 1,761 billion) x 100

= 3.463%

Step 2:

The Growth of real GDP per person

Formula = Real GDP Growth Rate - Population Growth rate

= 3.463- 1.5

=1.963%

svetoff [14.1K]3 years ago
3 0

Answer:

Economic Growth rate is 3.46%

Growth rate of real GDP per person is 1.96%

Explanation:

According to give data

Mexico​'s real GDP

1,761 billion pesos in 2005

1,822 billion pesos in 2006

Mexico​'s population growth rate in 2006 was 1.5 percent.

As we know

Economic growth rate is the percentage change in real GDP

Economic growth rate = ( 1822 - 1761) / 1761 = 3.46%

Growth rate of real GDP per person = % Change in real GDP - Growth rate of population = 3.46% - 1.5% = 1.96%

You might be interested in
Net sales$688,500 $450,000 Cost of goods sold 337,364 133,200 Determine the 2016 and 2017 trend percents for net sales using 201
alisha [4.7K]

Answer:

Trend- % change in sales =  34.64%

Explanation:

<em>Trend analysis entails determining the performance of a business over time by comparing its performance data from one period to another. The aim of trend analysis is to identify the behavior of a set of ratios over a period of time by comparing them across different years.</em>

To determine the trend for a particular data, we use the formula below

% Change in variable =

(Current year figure - Previous year figure)/Previous year figure × 100

DATA

Current year figure  for sales (2017) - 450,000

Previous year figure for sale (2016) - 688,500

% change in sales =   (450,000 -688,500)/688,500 × 100 = 34.64%

% change in sales =  34.64%

This implies that the company made sales in 2017 which is 34.64% less than that made in 2016

5 0
3 years ago
EXPLAIN HOW IMPORTANT MOTIVATION IN AN ORGANIZATION ​
Olegator [25]
Level of commitment, drive and energy that a company's workers bring to the role everyday.
8 0
2 years ago
Read 2 more answers
Pizza Pier retires its 8% bonds for $70,100 before their scheduled maturity. At the time, the bonds have a face value of $72,100
mariarad [96]

Answer: Please refer to Explanation

Explanation:

DR Bonds Payable ............... $ 72,100

DR Premium on Bonds Payable (74,950 - 72,100) ...... $2,850

CR Cash ...................................... $70,100

CR Gain on Discharge of Bonds ($74,950 - $70,100) $4,850

(To record retirement of premium bond before time)

If you need any clarification do comment.

5 0
3 years ago
Which activities are consifered non-value added work?
mamaluj [8]
The step transforms the item toward completion (something changes)
The step is done right the first time (not a rework step)
The customer cares (or would pay) for the step to be done.
8 0
3 years ago
Read 2 more answers
A(n) ____________ records the boundaries of a three-dimensional shape.
Alex_Xolod [135]
A CONTOUR LINE record the boundaries of a three dimensional shape.
In Art, a contour line is a line which defines a form or an edge. It is an outline of a given object. Contour line is usually drawn by following the visible edges of a shape and those edges along the interior of the shape. Contour line is often used to show dramatic changes of planes within an object.
8 0
3 years ago
Other questions:
  • The 2012 box office receipts for the movie The Avengers were $1,515.8 million. By way of comparison, the 1977 receipts for Star
    7·1 answer
  • Scotland Corporation had net income for 2018 of $ 77 comma 000. Scotland had 13 comma 000 shares of common stock outstanding at
    13·1 answer
  • 2. What's a good way to reduce food costs?
    12·1 answer
  • For each separate case below, follow the three-step process for adjusting the unearned revenue liability account at December 31
    14·1 answer
  • Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $29 in cash along with receipts for th
    6·1 answer
  • What are the positive feedbacks for NEWS ANCHORS?
    7·1 answer
  • What are the primary reasons food producers can increase profits by participating in a local direct market?
    10·1 answer
  • If there was important presentation and a conference you were invited to on the same day, how would you tackle it
    5·1 answer
  • Define direct advertising​
    10·1 answer
  • List the steps in allocating costs to operating departments and preparing departmental income statements, with the first step on
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!