In 2015, Indias real GDP grew by 7.3 percent a year and its population grew by 1.3

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In 2015, India’s real GDP grew by 7.3 percent a year and its population grew by 1.3 percent a year. If these growth rates are sustained, in what years would

a. Real GDP be twice what it was in 2015?

b. Real GDP per person be twice what it was in 2015?

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

Question Posted: May 21, 2018 06:00 AM

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In 2015, Indias real GDP grew by 7.3 percent a year and its population grew by 1.3

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a Using the Rule of 70 Indias real GDP doubles in 70 73 96 years So starting from January 1 20...View the full answer

Foundations of Macroeconomics

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