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Minutes before addressing his nation, a country's president has asked quickly calculate how long it will take for his country's GDP/capita to dc assistant provides you with the fact that, over the past 15 years the cou GDP/capita growth averaged 6% per year. Assuming that the country w continue on this growth path, what would you tell the president.

Minutes before addressing his nation, a country's president has asked quickly calculate how long it will take for his country's GDP/capita to dc assistant provides you with the fact that, over the past 15 years the cou GDP/capita growth averaged 6% per year. Assuming that the country w continue on this growth path, what would you tell the president.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Minutes before addressing his nation, a country's president has asked you to quickly calculate how long it will take for his country's GDP/capita to double. His assistant provides you with the fact that, over the past 15 years the country's GDP/capita growth averaged 6% per year. Assuming that the country will continue on this growth path, what would you tell the president. * O 8.3 years 12 years 1200 years 0.83 years
Transcribed Image Text:Minutes before addressing his nation, a country's president has asked you to quickly calculate how long it will take for his country's GDP/capita to double. His assistant provides you with the fact that, over the past 15 years the country's GDP/capita growth averaged 6% per year. Assuming that the country will continue on this growth path, what would you tell the president. * O 8.3 years 12 years 1200 years 0.83 years
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