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
Chapter8: Productivity And Growth
Section: Chapter Questions
Problem 2.4P
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![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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5 of 5
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Transcribed Image Text: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
( Prev
5 of 5
Next
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