Per capita real GDP in country S is only half as great as per capita real GDP

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Per capita real GDP in country S is only half as great as per capita real GDP in country T.
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.
Per capita real GDP in country S is only half
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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