The World Bank projects that the world's population will increase from 7.6 billion in 2019 to 8.6 billion in 2035. World output in 2019 was roughly $90 trillion. A) By what percentage must the world economy grow by 2035 to maintain current living standards?

The World Bank projects that the world's population will increase from 7.6 billion in 2019 to 8.6 billion in 2035. World output in 2019 was roughly $90 trillion. A) By what percentage must the world economy grow by 2035 to maintain current living standards?

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter16: Creating An Environment For Growth And Prosperity

Section: Chapter Questions

Problem 3CQ

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The World Bank projects that the world's population will increase from 7.6 billion in 2019 to 8.6 billion in 2035. World output in 2019 was roughly $90 trillion.

A) By what percentage must the world economy grow by 2035 to maintain current living standards?

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