The following table shows the average annual growth rate in real GDP per capita for Argentina, Ghana,
Question:
a. For each 10-year period and for each country, use the Rule of 70 where possible to calculate how long it would take for that country€™s real GDP per capita to double.
b. Suppose that the average annual growth rate that each country achieved over the period 2005€“2015 continues indefinitely into the future. Starting from 2015, use the Rule of 70 to calculate, where possible, the year in which a country will have doubled its real GDP per capita.
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a The accompanying table shows the number of years it would take for re...View the full answer
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Related Book For 
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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