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Suppose That, Over the Past Century, Real GDP Per Capita

Question 159

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Suppose that, over the past century, real GDP per capita in the country of Fictionia has grown at a rate of 1.75 percent per year. How many years will it take for real GDP per capita to double if it continues to grow at this rate? Suppose that that real GDP per capita is currently $15,000 in Fictionia. What will be the real GDP per capita in Fictionia 200 years from now if it continues to grow at 1.75 percent per year?

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According to the rule of 70, real GDP pe...

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