Use the Rule of 70 to answer the questions on economic grow Round answers to two places after the decimal. If annual real GDP per capita growth in South Africa averages 1.8%, how long will it take the country to double its real GDP per capita? If Ireland took 15 years to double its real GDP per capita, what was its average annual GDP per capita growth rate during this period? If annual real GDP per capita growth in Tanzania averages 0.8% per year, how long will it take the country to quadruple its real GDP per capita? If China took 40 years to increase its real GDP per capita

Use the Rule of 70 to answer the questions on economic grow Round answers to two places after the decimal. If annual real GDP per capita growth in South Africa averages 1.8%, how long will it take the country to double its real GDP per capita? If Ireland took 15 years to double its real GDP per capita, what was its average annual GDP per capita growth rate during this period? If annual real GDP per capita growth in Tanzania averages 0.8% per year, how long will it take the country to quadruple its real GDP per capita? If China took 40 years to increase its real GDP per capita

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In 2017, Country A had a GDP per capita of $8,500 and a population of 68.6 million people. In 2018, total GDP increased by 6.8%, and population growth was 0.9%. What was the GDP per capita in 2018? If necessary, round any intermediate calculations and your final answer to two decimal places.
Suppose the initial real per capita GDP for countries A and B is 7 thousand dollars. If the annual growth rates of countries A and B are respectively 2.6% and 4.6% , what is the the ratio GDP of country B over GDP of country A after 67 years? Round your answer to the nearest first decimal
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Please answer all the questions below with a detailed and 100% correct solution.
Real GDP per capita in the country of Arcadia grew from about $4.545 in 1900 to about $40.064 in 2008, which represents an annual growth rate of 2.04 percent IH Arcadia continues to grow at this rate, calculate the number of years when its real GDP per capita will double years. (Enter your response as an integer)
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