Suppose that a country has a nominal GDP of 10.3 trillion dollars in year 1. If the country grows at an average rate of 3 percent per year over a 15-year period, what will its compounded GDP be at the end of that time period?

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The Answer of Suppose that a country has a nominal GDP of 10.3 trillion dollars in year 1. If the country grows at an average rate of 3 percent per year over a 15-year period, what will its compounded GDP be at the end of that time period?

Suppose That a Country Has a Nominal GDP of 10