Lets revisit the data from Table 24.3, showing the following world economic growth rates for specific historical

Question:

Let’s revisit the data from Table 24.3, showing the following world economic growth rates for specific historical eras:

Years Growth rate AD 1–1800 0.02%
1800–1900 0.64%
1900–1950 1.04%
1950–2000 2.12%
Approximately how many years will it take for average real per capita GDP to double at each of those growth rates?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Economics

ISBN: 9780393623819

2nd Edition

Authors: Lee Coppock, Dirk Mateer

Question Posted: