Suppose that the annual real GDP per capita in India is currently $2,000 and in the United States it is $50,000. If the United States is growing at 3% per year, at what growth rate would India need to grow in order to have the same annual real GDP per capita as the United States 50 years from today? Show all of your work.

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The Answer of Suppose that the annual real GDP per capita in India is currently $2,000 and in the United States it is $50,000. If the United States is growing at 3% per year, at what growth rate would India need to grow in order to have the same annual real GDP per capita as the United States 50 years from today? Show all of your work.

Suppose That the Annual Real GDP Per Capita in India