Real per capital GDP in Chile in 1958 was about $400, but doubled to about $800 by 1980. Per capital real GDP doubled in Chile again in only seven years, reaching $16000 by 1987. What was the average annual growth rate between 1980 and 1987. (Note: Round this to two places past the decimal point)

Answer rating: 100% (QA)

To find the average annual growth rate between 1980 and 1987 we can use the formula f... View the full answer