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- At an annual growth rate of 2% it will take approximately years for a country's GDP to double. Over the next 70 years, how many times will GDP double, assuming the growth rate does not change? If GDP starts at a value of $10 million, then in 70 years the value of GDP will be $ million. In 70 years the value of GDP will be times larger than it is today.You know that it takes approximately 20 years for nominal GDP per capita to increase by 40% in Country A. Over the same period, accumulated inflation is 15%. What is the average annual growth rate (g) of real GDP per capita in this country over these 20 years?Use the growth rate of 0.7%to estimate the population, in millions, of a growing country in 2098. Start from the 2000 population of 37 million. Use the approximate doubling time formula. Round to one decimal place. A. 75.1 million B. 86.5 million C. 97.6 million D. 73.0 million
- If US per capita GDP is $50,000 and grows at 3% per year, what will US per capita GDP be in 70 years?Using the rule of 70 and assuming real GDP per capita increases at 4% per year, how many years will it take Boblandia's real GDP to increase from 10 to 80? Answer in number of years, rounded to two decimal places. If you calculate 6.125 years, enter 6.13.Assuming UAE’s 2021 economic growth is projected to be 3.5%. How long will it take to double the size of that economy? Show your calculations.
- Real GDP per capita in the country of Arcadia grew from about $4.545 in 1900 to about $40.064 in 2008, which represents an annual growth rate of 2.04 percent IH Arcadia continues to grow at this rate, calculate the number of years when its real GDP per capita will double years. (Enter your response as an integer)Qatar GDP per capita was 93,792 in 2017 and $90,070 in 1970. What was its annualized growth rate during this period? (Both figures are in 2011 international dollars.) if your answer is 1.72%, please write 1.72If an economy's GDP will double in 15 years, then its growth rate must be about: 7% 15% 10% 4.7%
- If a country’s GDP grows by 10% per year, why isn’t the number of years it takes to double the GDP simply 100%/10% = 10 years?Assume GDP of a (tiny) country at time zero is equal to $105.00105.00. Calculate GDP 11 years11 years later if the annual growth rate of GDP is 6 percent6 percent. Round to two places after the decimal.It is observed that in a country in a given period of 20 years the average GDP growth rate has been 4%. However, it is observed that in this period the average GDP growth rate is 5% in the first 5 years and 3% in the last 5 years. How this difference in the average growth rates might be explained?