Question: Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose country X currently produces $3800 of goods and services

Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose country X currently produces $3800 of goods and services per year with a constant growth rate of 11% per year. County production is currently $2900 with growth of 48% per year Using the rule of 72. how long does it take for country's production to double? years Using the rule of 77, how long does it take for country Y's production to double? After how long will the two countries have the same level of production? years Estimate the level of production when the two countries produce the same amount $ years

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