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