2. Apply the Rule of 70 to the data in Figure 17-3 to determine how long it...

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2. Apply the Rule of 70 to the data in Figure 17-3 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 remained the same?

Why or why not?

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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