Assume GDP of a (tiny) country at time zero is equal to $153.00. Calculate GDP 17 years later if the annual growth rate of GDP is 7 percent. Round to two places after the decimal. 2$

Economics:
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ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter16: Economic Growth
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Hi, Please help with this Macroeconomics question. Thanks!
Assume GDP of a (tiny) country at time zero is equal to $153.00. Calculate GDP 17 years later if the annual growth rate of GDP
is 7 percent.
Round to two places after the decimal.
2$
Transcribed Image Text:Assume GDP of a (tiny) country at time zero is equal to $153.00. Calculate GDP 17 years later if the annual growth rate of GDP is 7 percent. Round to two places after the decimal. 2$
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