In 2014, Chinas real GDP is growing at 7 percent a year and its population is growing

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In 2014, China’s real GDP is growing at 7 percent a year and its population is growing at 0.5 percent a year. If these growth rates continue, in what year will China’s real GDP per person be twice what it is in 2014?

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Microeconomics Canada In The Global Environment

ISBN: 9780321931184

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Dec 13, 2022 01:43 AM

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In 2014, Chinas real GDP is growing at 7 percent a year and its population is growing

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20 37 We can use the formula for compounded annual growth rate to calculate the answer The formula ...View the full answer

Microeconomics Canada In The Global Environment

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