The table below shows the level of real GDP and real GDP per capita growth rates for a select set of countries for the year 2016 Determine the number of years it will take for the standard of living to double in each country Instructions: Round your answers to 1 decimal place Growth Rates and the Rule of 72 Nuber of Years for Grouth Rate of Real per Capita (percent) 0.2% Country Standard of Living to Real GDP (illions) $1,597,516 37,570 07,894 Double Canada Madagascar Philippines 1.4 5.3 Sweden 490,282 2.2 United States 18,624,475 0.8

While increasing outplut levels have been a benefit of economic growth, what have been some of the challenges associated with the phenomenon of economic growth?  Here consider the broad social and environmental implications that stem from economic growth. In your answer draw on relevant evidence and examples.

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.

Assume that a leader country has real GDP per capita of $40,000, whereas a follower country has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 percent in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country?