I am looking for the formula to solve this problem: Suppose a country's real GDP per capita was $9,000 in 1990 and it grew to $18,000 by 2000. What is the annual growth rate of the country's real GDP per capita during this period?

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Q: Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950…

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Q: Why is Real GDP a better indicator of productive growth than Nominal GDP ?

A: Gross Domestic Product (GDP) measures the value of final goods and services produced with in the…

Q: Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950…

A: The pace of an economy's long-term growth or contraction is referred to by this idea. The change in…

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A: Using rule of 70, Doubling period = 70 / annual growth rate = 70 / 2 = 35 years

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