Per capita real GDP in country S is only half as great as per capita real GDP
Question:
Country T's rate of economic growth is 4 percent. The government of country S, however, enacts policies that achieve a growth rate of 20 percent. Use Table 9-3 on page 191 to determine how long country S must maintain this growth rate before its per capita real GDP surpasses that of country T.
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Interest Rate Number of Years 3% 4% 5% 6% 8% 10% 20% 1.03 1.04 1.05 1.06 1.08 1.06 1.08 1.10 1.12 1.17 1.21 1.09 1.12 1.16 1.19 1.26 1.33 1.13 1.17 1.22 1.26 1.36 1.4 1.16 1.22 1.28 134 1.47 1.61 1.19 1.27 1.34 1.4 1.59 1.77 1.23 1.32 1.4 1.50 1.71 1.27 1.37 1.48 1.59 1.85 2.14 1.30 1.42 1.55 1.68 2.00 2.35 1.34 1.48 1.63 1.792.16 2.59 1.81 2.19 2.65 3.20 4.66 6.72 2.43 3.24 4.32 5.74 10.00 17.40 237.00 3.26 4.80 7.04 10.30 21.70 45.30 1,470.00 4.38 7.11 11.50 18.40 46.90 117.00 9,100.00 1.20 1.44 1.73 2.07 2.49 2.99 3.58 4.30 5.16 6.19 38.30 1.10 1.94 10 20 30 40
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