Use the data in the following table to explain what happened in each of the three countries in terms of economic growth and living standards.

COUNTRY	REAL GDP 2010	REAL GDP 2009	POPULATION 2010	POPULATION 2009
Astoria	10,600	9,750	1,500	1,325
Tiberius	3,500	3,150	650	585
Zorba	47,750	49,100	12,500	13,440

Adopting developed-country technology is one way for less-developed countries to catch up with the growth of more-developed countries. However, in comparison to developing countries, developed countries are capital-rich and labor-short. Consider the types of technology that a typical developing country with limited capital and a large unemployed labour force would encounter when "shopping" for technology in a more developed country. As an example, the Japanese have pioneered robotics, such as assembly line machines. Such machines are intended to replace expensive workers with capital (robots) in order to reduce overall production costs.  In what ways does it help a developing country to transfer and use a new technology in its country? What are the costs?

Examine the graph on given page. Which country’s GDP per capita increased slightly from 1980 to 2008 ?

Why wouldn’t your efforts add $100 to GDP if you made a table that you sold for$100?

Use the graph to answer the following questions.

What actions can the government take to bring real GDP to its potential level in 2021?

Categorize these measurements associated with student life according to level: nominal, ordinal, interval, or ratio. Time of first class.

In the 1930 s and 1940s, Keynes argued that unstable spending by the investment sector caused the decline of GDP. What did he recommend as a solution?

Categorize these measurements associated with student life according to level: nominal, ordinal, interval, or ratio. Score on last exam (based on 100 possible points)

Energy use per dollar of GDP is indexed to 1980, which means that energy use for any year is viewed as a percent of the use per dollar of GDP in 1980. The following data show the energy use per dollar of GDP, as a percent, for selected years from 1990 and projected to 2035.

Graph the model and the data on the same axes.

Real GDP is $4,233 billion in year 1 and$4,456 billion in year 2. The population is 178 million in year 1 and 182 million in year 2. What is the per capita real GDP in each year? Did per capita real economic growth occur from year 1 to year 2?

The table below shows the gross domestic product, or GDP (in trillions of dollars), for 2012 through 2019.

$$\begin{array}{|c|c|c|c|c|} \hline \text { Year } & 2012 & 2013 & 2014 & 2015 \\ \hline \text { GDP } & 16.2 & 16.8 & 17.5 & 18.2 \\ \hline \end{array}$$

$$\begin{array}{|c|c|c|c|c|} \hline \text { Year } & 2016 & 2017 & 2018 & 2019 \\ \hline \text { GDP } & 18.7 & 19.5 & 20.6 & 21.4 \\ \hline \end{array}$$

Use the regression capabilities of a graphing utility to find a mathematical model of the form y = at + b for the data. In the model, $y$ represents the GDP (in trillions of dollars) and $t$ represents the year, with t = 12 corresponding to 2012.

Energy use per dollar of GDP is indexed to 1980, which means that energy use for any year is viewed as a percent of the use per dollar of GDP in 1980. The following data show the energy use per dollar of GDP, as a percent, for selected years from 1990 and projected to 2035.

What does this model predict the energy use will be in 2032?

Assuming the same fixed nominal interest rate, put the following types of compounding in order of increasing benefit to the depositor: daily, continuously, quarterly, semiannually.

[Related to the Don’t Let This Happen to You on page 741] Use the data for the United States in this table to answer the following questions.

What was the percentage change in real GDP per capita between 2012 and 2016?