The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

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Chapter 25, Problem 3IAPA

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The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

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Use the following information to work Problems 1 and 2. China’s growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. 1. If these growth rates continue, in what year would real GDP be twice what it was in 2006? If these growth rates continue, in what year would real GDP per person be twice what it was in 2006?

2. You are a manager at a large shampoo company and on the search for future markets. You identified two low income countries that look very dynamic: Country A has a GDP/capita growth rate of -1% and population growth rate of 9%. Country B has a GDP/capita growth rate of 7% and constant population. (a) Discuss which country you should focus on for your expansion. (b) Discuss if your answer would change if the products you are trying to sell are cars.

The table gives data on an economy's real GDP and population in 2019 and 2020. If the current real GDP growth rate and population growth rate are maintained, real GDP per person will double in approximately ____ years Answer with a whole number

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Question

Chapter 25, Problem 3IAPA

To determine

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

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Answer 3

Question

Chapter 25, Problem 3IAPA

To determine

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

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Answer 4

Question

Chapter 25, Problem 3IAPA

To determine

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

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Answer 5

Chapter 25, Problem 3IAPA

To determine

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

Answer 6

Chapter 25, Problem 3IAPA

To determine

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

Answer 7

Chapter 25, Problem 3IAPA

To determine

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

Answer 8

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Answer 9

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Answer 11

Ch. 25 - Prob. 1SPPA Ch. 25 - Prob. 2SPPA Ch. 25 - Prob. 3SPPA Ch. 25 - Prob. 4SPPA Ch. 25 - Prob. 5SPPA Ch. 25 - Prob. 6SPPA Ch. 25 - Prob. 7SPPA Ch. 25 - Prob. 8SPPA Ch. 25 - Prob. 9SPPA Ch. 25 - Prob. 10SPPA

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

Solution Summary: The author explains that the 70-year rule can be applied to find the number of years which would take for real GDP per person to double.

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

Want to see the full answer?

Chapter 25 Solutions

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

Solution Summary: The author explains that the 70-year rule can be applied to find the number of years which would take for real GDP per person to double.

To find: The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.

Want to see the full answer?

Chapter 25 Solutions

To find:

The year in which real GDP per person would be twice than it was in 2006 provided the given growth rates continue.