Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 32P: An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it...
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![Question 1
If a country's GDP is growing at 5% a year, how many years does it take for the country's GDP to double?
13.8
O 14.2
O 15.2
O 18.2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7251e790-1e89-4756-8773-f2faa8d5b611%2F1af6c22d-f247-4d53-91c6-4a506a5299c8%2Fdyj6c0t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 1
If a country's GDP is growing at 5% a year, how many years does it take for the country's GDP to double?
13.8
O 14.2
O 15.2
O 18.2
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