Use the following information to work Problems 1 and 2. China’s growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. 1. If these growth rates continue, in what year would real GDP be twice what it was in 2006? If these growth rates continue, in what year would real GDP per person be twice what it was in 2006?
Use the following information to work Problems 1 and 2. China’s growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. 1. If these growth rates continue, in what year would real GDP be twice what it was in 2006? If these growth rates continue, in what year would real GDP per person be twice what it was in 2006?
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 2P
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Use the following information to work Problems 1 and 2. China’s growth rate of real
1. If these growth rates continue, in what year would real GDP be twice what it was in 2006? If these growth rates continue, in what year would real GDP per person be twice what it was in 2006?
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