In 2011 a country had a population of 119 million and a growth rate of -0.638%. Assuming that this rate remains constant, estimate the population of the country in 2025.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.3CE: Logarithms are especially useful for comparing series with two divergent scales since 10 percent...
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In 2011 a country had a population of 119 million and a growth rate of -0.638%. Assuming that this rate remains constant, estimate the population of the country in 2025.

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