Assume a country currently has rGDP of $7 billion. If the country grows at a constant 7% rate for 45 years, roughly how much larger is the country in rGDP terms? Note: enter answer with only numerical values and round up to the nearest tenth. For example, if you think the answer is "$101.58 billion" then enter the answer "101.6" in the space below.
Assume a country currently has rGDP of $7 billion. If the country grows at a constant 7% rate for 45 years, roughly how much larger is the country in rGDP terms? Note: enter answer with only numerical values and round up to the nearest tenth. For example, if you think the answer is "$101.58 billion" then enter the answer "101.6" in the space below.
Chapter1: Making Economics Decisions
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![Assume a country currently has rGDP of $7 billion. If the country grows at a constant 7% rate for 45
years, roughly how much larger is the country in rGDP terms?
Note: enter answer with only numerical values and round up to the nearest tenth. For example, if you think
the answer is "$101.58 billion" then enter the answer "101.6" in the space below.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f9b2eb2-d5dd-4d7c-b4fd-9436c528000e%2F53c46428-dd6d-49a0-a0ee-ccf83b0cadaf%2Fbc9w69_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume a country currently has rGDP of $7 billion. If the country grows at a constant 7% rate for 45
years, roughly how much larger is the country in rGDP terms?
Note: enter answer with only numerical values and round up to the nearest tenth. For example, if you think
the answer is "$101.58 billion" then enter the answer "101.6" in the space below.
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