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6) if a country has GOP equal to A it will have at its GDP egual to Aet after t years it it grows a rate of l0or % . Suppose two countries, Pand Q, have initiall, Heir GAPS as folPows: Yp = $ 1.4 trillion YQ = $ 12.0 trillion growth rates are Pp= 0.07 and re= 0.02 per year After how the sa me GDP? The - 0. 07 many years will the two countries have

6) if a country has GOP equal to A it will have at its GDP egual to Aet after t years it it grows a rate of l0or % . Suppose two countries, Pand Q, have initiall, Heir GAPS as folPows: Yp = $ 1.4 trillion YQ = $ 12.0 trillion growth rates are Pp= 0.07 and re= 0.02 per year After how the sa me GDP? The - 0. 07 many years will the two countries have

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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6) if a country has GDP egual to A, it will have at its GDP egual to Aet after t if it grows a rate of 10or % . Suppose two countries, Pand Q, have initially Hieir GAPS as folPows: years Yp = $ 1. 4 trillion YQ = $ 12.0 trillion The growth rates are Pp= 0.07 and re= 0.02 per year. PAter how many years will the two countries have the same GDP?
Transcribed Image Text:6) if a country has GDP egual to A, it will have at its GDP egual to Aet after t if it grows a rate of 10or % . Suppose two countries, Pand Q, have initially Hieir GAPS as folPows: years Yp = $ 1. 4 trillion YQ = $ 12.0 trillion The growth rates are Pp= 0.07 and re= 0.02 per year. PAter how many years will the two countries have the same GDP?
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