1.2. Apply the Rule of 70 to the data in Figure 25-3 to determine how long it...

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1.2. Apply the Rule of 70 to the data in Figure 25-3 to determine how long it will take each of the countries listed there to double its real GDP per capita. Would India’s real GDP per capita exceed that of the United States in the future if growth rates remain the same?

Why or why not?

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Economics

ISBN: 978-0716771586

2nd Edition

Authors: Paul Krugman ,Robin Wells

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