20. In year 0, Country A has a real GDP per capita of $1,200. If Country...
Homework Answers
ANSWER:
Pv = $1,200
n = 20 years
i = 2%
fv = pv * (1 + r) ^ n
fv = 1,200 * (1 + 2%) ^ 20
fv = 1,200 * (1.02) ^ 20
fv = 1,200 * 1.49
fv = 1,783.14
so the gdp per capita after 20 years will be $1,783.14
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20.
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