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The per capita GDP is a proxy for the living standard. The per capita GDP of the world grew at a snails pace (less than
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The per capita GDP is a proxy for the living standard. The per capita GDP of the world grew at a snails pace (less than 0.1% per year) for the first 1800 years since the birth of Jesus. If your income grew at annual rate of 0.1%, how many years would it take to double your living standard?
Almost 200 years
Almost 400 years
Almost 600 years
Almost 700 years
Almost 900 years
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