3 If the growth rate of Chinas standard of living during 2013 is maintained, how many years...

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3 If the growth rate of China’s standard of living during 2013 is maintained, how many years will it take to double? The World Economic Outlook reports the following information:

◆ China’s real GDP was 17.9 trillion yuan in 2012 and 19.3 trillion yuan in 2013.

◆ China’s population was 1,361 million in 2012 and 1,368 million in 2013.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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