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A country has GDP per capita equal to $5,000. If the country’s GDP per capita increases...

A country has GDP per capita equal to $5,000. If the country’s GDP per capita increases at a rate of 3.60% per year then according to the rule of 70 how many years will it take for GDP per capita to equal $20,000? Round to the nearest whole number.

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Answer #1

T The Rule of to is applicable for finding the time required to double the the Real Giop per capita t a 70 sale 70 3.6 ㄷ = 19

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