Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a
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Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a year. Real GDP per person in Country Y is $20,000 and the growth rate is 5 percent a year. When will real GDP per person be greater in X than in Y?
Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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