1. In the last century, Tunisia's Gross Domestic Product (GDP) has grown rapidly on average 5% per annum. However, due to political, economic and geopolitical unrest faced, the economic situation of the country has been affected since 2009. GDP per capita in 2009 was USD4130. While in 2017, GD per Tunisian per capita is USD3491. Calculate the answer to the following question: a) In a situation that remains the same, how many years will Tunisia be able t doubling the per capita GDP that was achieved in 2009? b) If Tunisia continues to enjoy growth at a rate of 5% a year since 2009, what is the per capita income in 2018? c) Compared to Tunisia, Malaysia's GDP per capita is USD9945 for 2017. What is the average growth rate that Tunisia should maintain since in 2009, if the country wants to achieve a GDP per capita in line with Malaysia?

1. In the last century, Tunisia's Gross Domestic Product (GDP) has grown rapidly on average 5% per annum. However, due to political, economic and geopolitical unrest faced, the economic situation of the country has been affected since 2009. GDP per capita in 2009 was USD4130. While in 2017, GD per Tunisian per capita is USD3491. Calculate the answer to the following question: a) In a situation that remains the same, how many years will Tunisia be able t doubling the per capita GDP that was achieved in 2009? b) If Tunisia continues to enjoy growth at a rate of 5% a year since 2009, what is the per capita income in 2018? c) Compared to Tunisia, Malaysia's GDP per capita is USD9945 for 2017. What is the average growth rate that Tunisia should maintain since in 2009, if the country wants to achieve a GDP per capita in line with Malaysia?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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