Suppose population growth is given by L, = La+F)', where Lo is the population today, L, is the population in periods, and l is the population constant growth rate. If we do not know what value n takes but do know the values of Lo. L, and t, we can calculate 7 by punching into our calculators. Select one: O añ = (L/Lo)" O b.n = [(L, - 1yLo]" O Ch=L-1 d. ñ = (LILOY - 1 e.n= (LILo)" -1 %3D

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 5P
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Suppose population growth is given by L, = L(1+7)', where Lo is the population today, L, is the population in t periods, and A is the
population constant growth rate. If we do not know what value n takes but do know the values of Lo, L, and t, we can calculate 7 by
punching
into our calculators.
Select one:
a. ñ = (L/Lo)"
b.n = [(L, - 1)/Lo]"
O d.n = (L,ILOY - 1
e.ñ = (LILo) -1
Transcribed Image Text:Suppose population growth is given by L, = L(1+7)', where Lo is the population today, L, is the population in t periods, and A is the population constant growth rate. If we do not know what value n takes but do know the values of Lo, L, and t, we can calculate 7 by punching into our calculators. Select one: a. ñ = (L/Lo)" b.n = [(L, - 1)/Lo]" O d.n = (L,ILOY - 1 e.ñ = (LILo) -1
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