Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a

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Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a year. Real GDP per person in Country Y is $20,000 and the growth rate is 5 percent a year. When will real GDP per person be greater in X than in Y?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Posted Date: Jan 27, 2024 11:35 AM

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Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a

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