Suppose that in 2014 China's real GDP is growing at 9 percent a year and its population is growing at 2.0 percent a year. If these growth rates continue, then China's real GDP per person in will be twice what it is in 2014. O A. 2085 О В. 2022 ОС. 2017 O D. 2024

Suppose that in 2014 China's real GDP is growing at 9 percent a year and its population is growing at 2.0 percent a year. If these growth rates continue, then China's real GDP per person in will be twice what it is in 2014. O A. 2085 О В. 2022 ОС. 2017 O D. 2024

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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Question

Suppose that in 2014 China's real GDP is growing at 9 percent a year and its population is growing at 2.0 percent a year.
If these growth rates continue, then China's real GDP per person in
will be twice what it is in 2014.
O A. 2085
O B. 2022
OC. 2017
O D. 2024

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