Question
Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of doubling its average standard of living in 8
Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of doubling its average standard of living in 8 years.
What will be the approximate annual economic growth rate required for this country to achieve its goal?
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
