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An economy starts off with a per capita GDP of $5000

Economics

An economy starts off with a per capita GDP of $5000. How large will the per capita GDP be if it grows at an annual rate of:

Instructions: Enter values to two decimal places.

a. 2% for 20 years?

Per capita GDP = $______?_________

b. 2% for 40 years?

GDP per capita = $_________?__________

c. 4% for 40 years?

GDP per capita=_______?________

d. 6% for 40 years?

GDP per capita = $_________?__________

 

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