Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per.capita is 1.6% per year, how many years will it take for real GDP per capita to reach $98,000? Instructions: Enter your answer as a whole number. years

Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per.capita is 1.6% per year, how many years will it take for real GDP per capita to reach $98,000? Instructions: Enter your answer as a whole number. years

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 2.4P

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Question

Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per.capita is 1.6% per year,
how many years will it take for real GDP per capita to reach $98,000?
Instructions: Enter your answer as a whole number.
years
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