The rate of economic growth per capita in Japan from 1996 to 2000 was 19 per year, while in China over the same period it was 42 Per capita real GDP was $28,900 in Japan in 2003, and $12,700 in China Assume the growth rates for each country remain the same 1) Compute the doubling time for China.

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ANS WER The doubling time for China is approximately 3 4 years C AL C UL ATION 12 700 2 25 40... View the full answer