The table gives data on an economy's real GDP and population in 2019 and 2020. Year 2019 2020 Real GDP (billions of dollars) 1,800 1,962 Population (millions) 15.0 15.3 Use this data to calculate the number of years it will take for real GDP per person to double if the current real GDP growth rate and population growth rate are maintained.

The table gives data on an economy's real GDP and population in 2019 and 2020. Year 2019 2020 Real GDP (billions of dollars) 1,800 1,962 Population (millions) 15.0 15.3 Use this data to calculate the number of years it will take for real GDP per person to double if the current real GDP growth rate and population growth rate are maintained.

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 2P

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Similar questions

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