Question: Please answer the question. 4. India's GDP per capita is $2000. Assume real GDP per person in India grow by 4% per year. Using the

Please answer the question.

Please answer the question. 4. India's GDP per capita is $2000. Assume

4. India's GDP per capita is $2000. Assume real GDP per person in India grow by 4% per year. Using the rule of 72, how many years will it take for India to reach Canada's current level of GDP per capita, about $48000 per year

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!