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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702 Exercise 2
China's output grew at an amazing rate of 8 percent per year from 2010 to 2014. (See Table 15.1.)
( a ) At that rate how long would it take for China's GDP to double?
( b ) With its population increasing at 0.6 percent per year, how long will it take for per capita GDP to double?
( a ) At that rate how long would it take for China's GDP to double?
( b ) With its population increasing at 0.6 percent per year, how long will it take for per capita GDP to double?
Explanation
Verified
Verified
(a) Growth rate = 8%
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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
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