Answered: If real GDP in the year 2000 was 100…

If real GDP in the year 2000 was 100 and the growth rate is 5 per cent per annum what will be the value of real GDP in 2100?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 32P: An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it...

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