Real GDP per capita in the country of Arcadia grew from about $4.972 in 1900 to about $38,794 in 2008, which represents an annual growth rate of 1.92 percent. If Arcadia continues to grow at this rate, calculate the number of years when its real GDP per capita will double.O years. (Enter your response as an integer.)
Real GDP per capita in the country of Arcadia grew from about $4.972 in 1900 to about $38,794 in 2008, which represents an annual growth rate of 1.92 percent. If Arcadia continues to grow at this rate, calculate the number of years when its real GDP per capita will double.O years. (Enter your response as an integer.)
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 4P
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