Question: Question 2 Use Notes from Z 15, Z 16 A) Suppose a country grows at 8% for 15 years starting with a GDP of 5.
Question 2 Use Notes from Z 15, Z 16 A) Suppose a country grows at 8% for 15 years starting with a GDP of 5. Find the GDP at the end date B) Suppose the same country grows at 2% for 45 years starting with a GDP of 5. Find the GDP at the end date. The end date GDP is how many times the start date GDP? Growth Rate of GDP = g; years = t GDP end date = (1 + g)'y GDP start date
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