Question 21 Suppose that both the rates of economic growth and of population growth remain constant for China and India. How many years will it take for India to become a larger economy than China? Note: An economy is larger than another if output or GDP is greater. GDP per capita (in US dollars) Population Growth Growth |2018 2019 rate | 2018 2019 rate 1.393 1.398 China 9,977 10,262| 2.86% | billion billion 0.36% |1.353 1.366 India 2,006 2,104 || 4.89% billion billion 0.96%

Question 21 Suppose that both the rates of economic growth and of population growth remain constant for China and India. How many years will it take for India to become a larger economy than China? Note: An economy is larger than another if output or GDP is greater. GDP per capita (in US dollars) Population Growth Growth |2018 2019 rate | 2018 2019 rate 1.393 1.398 China 9,977 10,262| 2.86% | billion billion 0.36% |1.353 1.366 India 2,006 2,104 || 4.89% billion billion 0.96%

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 5P

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