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China is doubling its GDP every 7 years being fastest growing economies in the world history. Estimate, annual GDP growth rate of China? Hint: Rule of 70

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter32: Macroeconomic Policy Around The World

Section: Chapter Questions

Problem 25CTQ: Why do you think it is difficult for high-income countries to achieve high growth rates?

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China is doubling its GDP every 7 years being fastest growing economies in the world history. Estimate, annual GDP growth rate of China? Hint: Rule of 70

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