Suppose that the US government sets an economic goal to increase the Real GDP (base=2022) from $25,464 billion dollars to $38,196 billion dollars with an aggresive average annual rate of growth of 3%. How many years should it take for the US Economy to achieve this economic goal? Round up your answer to a whole number of years.

Suppose that the US government sets an economic goal to increase the Real GDP (base=2022) from $25,464 billion dollars to $38,196 billion dollars with an aggresive average annual rate of growth of 3%. How many years should it take for the US Economy to achieve this economic goal? Round up your answer to a whole number of years.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 10E

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