Answered: 21. The population of a town has a…

21. The population of a town has a constant growth of 4% p.a. If its present population is 62,500, what will be its population after two years?

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: Production And Growth

Section: Chapter Questions

Problem 7QR

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21. The population of a town has a constant growth of 4% p.a. If its present
population is 62,500, what will be its population after two years?
22. The cost of a new washing machine is Rs. 12000. Its value depreciates every

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