Macroeconomics (MindTap Course List)
Macroeconomics (MindTap Course List)
10th Edition
ISBN: 9781285859477
Author: William Boyes, Michael Melvin
Publisher: Cengage Learning
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Chapter 16, Problem 12E
To determine

Suppose a country has a real GDP equal to $1billion today. If this economy grows at a rate of 4 percent.

Calculate the value of real GDP after five years.

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