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1. Suppose that real GDP per capita in the United States is $32,000 while its annual growth rate is 2%, and that GDP per capita

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1. Suppose that real GDP per capita in the United States is $32,000 while its annual growth rate is 2%, and that GDP per capita in China is $4,000 while its annual growth rate is 7%. How many years it will take for China to reach the U.S. real GDP per capita level

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