If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it take, in years, to double the standard of living in the country as measured by economists? (Round your answer to include 2 decimal places.)
If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate. How long will it take, in years, to double the standard of living in the country as measured by economists? (Round your answer to include 2 decimal places.)
Chapter6: How Statisticians Measure Inflation
Section: Chapter Questions
Problem 1TY
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7.
If a country has a per capita GDP of $3,200 and it grows at a 3.1% annual rate.
How long will it take, in years, to double the standard of living in the country as
measured by economists? (Round your answer to include 2 decimal places.)
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