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If country A has currently GDP per capita of $65,000 and economic growth rate of 2%, and Country B has GDP per capita of $12,000
If country A has currently GDP per capita of $65,000 and economic growth rate of 2%, and Country B has GDP per capita of $12,000 with economic grow rate of 6%. Roughly in how many years country B can catch up with country A in GDP per capita? a) 26 years b) 88 year c) 13 years d) 44 years A country has GDP per capital of 15 with growth rate of 5%. In how many years, its GDP per capital can reach 120? A) 14 years B) 42 years C) 84 years D) 120 years Assume that the natural rate of unemployment = 5.5%. According to the most recently released data (Feb, 2021) by the BLS, the current cyclical unemployment rate is form of 1.2 or 0.8, whichever is applicable) A %. (write your answer in the
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