Suppose China's and India's annual rates of growth of per capita real GDP are about 7.8 percent and 4.3 percent, respectively. If China could maintain this growth rate sufficiently long, then according to the rule of 70, China's per capita real GDP would double in 16.3 years. (Enter your response rounded to one decimal place) If India could continue to grow at its present pace, the rule of 70 indicates that its per capita real GDP would double in years. (Enter your response rounded to one decimal place.)
Suppose China's and India's annual rates of growth of per capita real GDP are about 7.8 percent and 4.3 percent, respectively. If China could maintain this growth rate sufficiently long, then according to the rule of 70, China's per capita real GDP would double in 16.3 years. (Enter your response rounded to one decimal place) If India could continue to grow at its present pace, the rule of 70 indicates that its per capita real GDP would double in years. (Enter your response rounded to one decimal place.)
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
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![Suppose China's and India's annual rates of growth of per capita real GDP are about 7.8 percent and 4.3 percent, respectively.
<
If China could maintain this growth rate sufficiently long, then according to the rule of 70, China's per capita real GDP would double in 16.3 years. (Enter your response rounded to one decimal place.)
years. (Enter your response rounded to one decimal place.)
If India could continue to grow at its present pace, the rule of 70 indicates that its per capita real GDP would double in
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Transcribed Image Text:Suppose China's and India's annual rates of growth of per capita real GDP are about 7.8 percent and 4.3 percent, respectively.
<
If China could maintain this growth rate sufficiently long, then according to the rule of 70, China's per capita real GDP would double in 16.3 years. (Enter your response rounded to one decimal place.)
years. (Enter your response rounded to one decimal place.)
If India could continue to grow at its present pace, the rule of 70 indicates that its per capita real GDP would double in
pages
Get more help.
4
Clear all
Check a
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