A country aims to double real GDP per capita in the next 25 years. If the rate of population growth in the country is 3.39% per year then at approximately what rate does real GDP need to grow to achieve this goal? Enter a number rounded to two decimal places. Do not enter a percent sign.

A country aims to double real GDP per capita in the next 25 years. If the rate of population growth in the country is 3.39% per year then at approximately what rate does real GDP need to grow to achieve this goal? Enter a number rounded to two decimal places. Do not enter a percent sign.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter17: Development Economics

Section: Chapter Questions

Problem 2E

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Question

A country aims to double real GDP per capita in the next 25 years. If the rate of population
growth in the country is 3.39% per year then at approximately what rate does real GDP
need to grow to achieve this goal?
Enter a number rounded to two decimal places. Do not enter a percent sign.
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