Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of

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Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of doubling its average standard of living in 8 years.

What will be the approximate annual economic growth rate required for this country to achieve its goal?

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Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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Posted Date: Mar 16, 2024 07:01 AM

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Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of

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Macroeconomics Principles Applications And Tools

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