Suppose that a nation has a GDP of 1.0 trillion dollars in 2000. If a country grows at an average rate of 3.0 % per year over a fifteen year period, then its compounded GDP at the end of the 15 year period should be:
A) 1.47 Tr.
B) 2.00 Tr.
C) 1.33 Tr.
D) 1.56 Tr.
Correct Answer:
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