Question
a. If Australian GDP per capita continued to grow at a rate of 3 per cent per year, how many years will it take for
a. If Australian GDP per capita continued to grow at a rate of 3 per cent per year, how many years will it take for real GDP per capita to double?
b. The economy of China has boomed since the late 1970s, having periods of double-digit economic growth rates. At an 8 per cent growth rate in real GDP, how many years would it take for China's economy to double?
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
