n the year 2015, the real GDP per capita of Italy is $215 billion. In the year 2016, the number is $220 billion. A student claimed that “Italy can double the real GDP in less than 25 years, assuming the growth rate will remain constant from 2015”. Is this true or false? Choice 1 of 4:False, it will double in about 40 years.Choice 2 of 4:True, it will double in about 20 years.Choice 3 of 4:False, it will double in about 30 years.Choice 4 of 4:True, it will double in about 10 years.

n the year 2015, the real GDP per capita of Italy is $215 billion. In the year 2016, the number is $220 billion. A student claimed that “Italy can double the real GDP in less than 25 years, assuming the growth rate will remain constant from 2015”. Is this true or false? Choice 1 of 4:False, it will double in about 40 years.Choice 2 of 4:True, it will double in about 20 years.Choice 3 of 4:False, it will double in about 30 years.Choice 4 of 4:True, it will double in about 10 years.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter20: Growth And Less Developed Countries

Section: Chapter Questions

Problem 19SQ

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