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In 1900 GDP per capita in Japan (measured in year 2005 dollars) was $1,617. In 2000 it was $29,639. Calculate the growth rate of income
In 1900 GDP per capita in Japan (measured in year 2005 dollars) was $1,617. In 2000 it was $29,639. Calculate the growth rate of income per capita in Japan over this period. Now sup- pose that Japan grows at the same rate for the century following 2000. What will Japanese GDP per capita be in the year 2100.
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