1. Suppose you have been hired by the government of a small island in the Carribean as an economic advisor. The current GDP of the island is at $56 trillion and the growth rate is currently at 2%. Many of the officials plan to increase the taxes on the people as a method to foster growth. Use the information to answer the questions below. Be sure to answer thouroughly.

a. based on the answer provided, how many years will it take for the GDP to double

b. Do you believe the government is on the right path?? why or why not? If not, what advice would you give them?