Suppose that the annual rate of growth of gross domestic product (GDP) per capita is 2 percent.

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How much will real GDP per capita increase in 10 years? How much will it increase in 50 years? Answer the same questions for a growth rate of 1 percent and for a growth rate of 4 percent.

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Principles Of Macroeconomics

ISBN: 9781453334980

9th Edition

Authors: John B. Taylor, Akila Weerapana

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Question Posted: Oct 19, 2024 06:02 AM

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Suppose that the annual rate of growth of gross domestic product (GDP) per capita is 2 percent.

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Principles Of Macroeconomics

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