In the last century, Tunisia’s Gross Domestic Product (GDP) has grown rapidly on average 5% per annum. However, as a result of the political, economic and geopolitical turmoil faced, the economic situation of the country has been affected since 2009. GDP per capita in 2009 was USD4130. While in 2017, GDP per capita Tunisia is USD3491. In a situation that remains the same, how many years will Tunisia be able to doubling the per capita GDP achieved in 2009?

In the last century, Tunisia’s Gross Domestic Product (GDP) has grown rapidly on average 5% per annum. However, as a result of the political, economic and geopolitical turmoil faced, the economic situation of the country has been affected since 2009. GDP per capita in 2009 was USD4130. While in 2017, GDP per capita Tunisia is USD3491. In a situation that remains the same, how many years will Tunisia be able to doubling the per capita GDP achieved in 2009?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: Economic Development

Section: Chapter Questions

Problem 1.1P

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