At mid-year 2018, the annual growth rate in Pakistan was 1.4%. What is your estimate of the per capita rate of change in Pakistan in 2018? Estimate the doubling time (in years) of this population (note: you may round the value for ln(2) = 0.7). What assumptions are required to make this doubling time estimation?

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At mid-year 2018, the annual growth rate in Pakistan was 1.4%. What is your estimate of the per capita rate of change in Pakistan in 2018? Estimate the doubling time (in years) of this population (note: you may round the value for ln(2) = 0.7). What assumptions are required to make this doubling time estimation?

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Step 1

Gross Domestic Product (GDP) measures the value of final goods and services produced in a nation in the given year.

The GDP adjusted for the inflation is known as the real GDP. 

The GDP divided by the poluation determines the per caita GDP.

The real GDP per capita growth rate determines the economic growth of the country.

 

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