Business, 24.07.2020 14:01, nik2lit

ConsiderCountry(Z)withaGDPlevelof21 0,000andagrowthrateof5%in2019(i. e.calculatedattheendofyear2019).(Z) .Moreprecisely,:2019–2022(5%),2022– 2025(3%).Hint:,forinstance,`2019unt iltheendof2022willbe5%,thenfromthee ndof2022untiltheendof2025itwillbe3% ’andsoon. Requirementa),’2019?[10marks]b)What wouldCountryZ’sGDPgrowthratebefrom2 025andsoonat1%?.[5marks]

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ConsiderCountry(Z)withaGDPlevelof21 0,000andagrowthrateof5%in2019(i. e.calculatedattheendofyear2019)...