Business
Business, 06.05.2020 04:07, alyssasnyderrr

India is growing at a rate of 9% per year, and its real GDP per capita is about $3,500, while the United States is growing at a rate of 3% per year, and its real GDP per capita is about $47,000.

a. About how much will India's real GDP per capita be in 20 years?
i. $19,600
ii. $56,000
iii. $14,000
iv. $28,000

b. How long will it take India to double its GDP per capita?

i. 7.8 years
ii. 10.2 years
iii. 14.6 years
iv. 90 years

c. How long will it take the United States to double its real GDP per capita?

i. 10.5 years
ii. 23.3 years
iii. 30 years
iv. 50 years

d. About how much will the United States' real GDP per capita be in 14 years?

i. $71,000
ii. $28,000
iii. $112,000
iv. $244,000

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Answers: 1

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India is growing at a rate of 9% per year, and its real GDP per capita is about $3,500, while the Un...

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