Question
Answer the following questions using the following table. Real GDP per capita Annual growth rate Amarr 1100 1.3% Dodixie 900 2.1% 1. (1 point) At
Answer the following questions using the following table.
Real GDP per capita Annual growth rate
Amarr 1100 1.3%
Dodixie 900 2.1%
1. (1 point) At the given growth rates, how many years will it take for Amarr's real GDP per capita
to quintuple (increase fivefold)? _______________ 123.80
2. (2 points) At the given growth rates, how many years will it take for Dodixie to match Amarr's real
GDP per capita? _______________ 25.08
3. (2 points) At what annual growth rate must Dodixie grow in order to catch-up with Amarr in exactly
20 years? _______________ 2.30%
4. (1 point) At what annual growth rate must Amarr grow to ensure Dodixie never catches up?
_______________ 2.1%
5. (2 points) Suppose Dodixie can bomb Amarr and cause it to suffer two years of zero growth before
resuming normal growth of 1.3%. How many years will it take for Dodixie to match Amarr's real GDP if
Amarr is bombed? _______________ 21.83
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