If a country has a per capita GDP of $4,200 and it grows at a 5% annual rate. How long will it take, in years, to double the standard of living in the country as measured by economists? (Round your answer to include 2 decimal places.)

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A: Given:

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Q: Assume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The…

A:

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Q: At an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over…

A: Using rule of 70, Doubling period = 70 / annual growth rate = 70 / 2 = 35 years

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Q: Use the data for the country of New Finlandia in the following table to calculate the following:…

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Q: ssume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The…

A:

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Q: Using the rule of 70 and assuming real GDP per capita increases at 4% per year, how many years will…

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Q: How do gains in worker productivity lead to gains in per capita GDP? What is an aggregate production…

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…

Q: United Hong Kong Statement Canada Guatemala Korea Niger Kingdom This economy had the highest level…

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