A small county wants to increase its real GDP from $18,000 to $36,000. If they want this to happen in 5 years, what rate of growth do they need to have each year? O 14% There is not enough information to answer this question. 7.78% O 5.5%
A small county wants to increase its real GDP from $18,000 to $36,000. If they want this to happen in 5 years, what rate of growth do they need to have each year? O 14% There is not enough information to answer this question. 7.78% O 5.5%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A small county wants to increase its real GDP from $18,000 to $36,000. If they want
this to happen in 5 years, what rate of growth do they need to have each year?
O 14%
O There is not enough information to answer this question.
7.78%
O 5.5%
O 17.5%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a3a5665-2d6f-49a2-9520-110589740302%2F44f1d8ff-433e-4b05-a8c9-632aee909be0%2F7pa33ni_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A small county wants to increase its real GDP from $18,000 to $36,000. If they want
this to happen in 5 years, what rate of growth do they need to have each year?
O 14%
O There is not enough information to answer this question.
7.78%
O 5.5%
O 17.5%
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