The United States has a GDP per capita of $ 5 0 , 0 0 0 and

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Question:

The United States has a GDP per capita of $

50, 000

and represents a high

-

income country today. The U

.

.

has an annual growth rate of

1.5 %

per year. Cambodia, a low

-

income country, has a GDP per capita of $

5, 000

and an annual growth rate of

8 %

per year.

Calculate the growth of Cambodia after

30

years. Round your final answer to the nearest dollar. Do not round any other values.

Related Book For answer-question

Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Posted Date: Feb 21, 2024 01:59 PM

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The United States has a GDP per capita of $ 5 0 , 0 0 0 and

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Expert Answer:

To calculate the growth of Cambodia after 30 years we can use the formula ... View the full answer

Macroeconomics

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