The table gives data on an economy's real GDP and population in 2019 and 2020. Year 2019 2020 Real GDP (billions of dollars) 1,800 1,962 Population (millions) 15.0 15.3 Use this data to calculate the number of years it will take for real GDP per person to double if the current real GDP growth rate and population growth rate are maintained.
The table gives data on an economy's real GDP and population in 2019 and 2020. Year 2019 2020 Real GDP (billions of dollars) 1,800 1,962 Population (millions) 15.0 15.3 Use this data to calculate the number of years it will take for real GDP per person to double if the current real GDP growth rate and population growth rate are maintained.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table gives data on an economy's real
If the current real GDP growth rate and population growth rate are maintained, real GDP per person will double in approximately ____ years
Answer with a whole number

Transcribed Image Text:The table gives data on an economy's real GDP and population in 2019 and
2020.
Year
2019
2020
Real GDP
(billions of
dollars)
1,800
1,962
Population
(millions)
15.0
15.3
Use this data to calculate the number of years it will take for real GDP per
person to double if the current real GDP growth rate and population growth
rate are maintained.
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