Suppose that real GDP per capita of country A double in 20 years. The annual population growth rate is 1% and the annual inflation rate is 2%.

Q1. Using the rule 70, Calulate the annual economic growth rate of country A.

Q2. Calculate the annual growth rate of nominal GDP of country A.

Q3.

a. Suppose the government of country A develops new infrastructure. Yet country A does not experience economic growth. Explain why. ( Dont just simply say that a country needs other factors such as technonlgy and institutions to achieve econmincs growth.)

b. The government of country A wants to enforce law and order to achieve economic growth. Explain why enforcing law order can promote economic growth.