Recent content by crazecheeca

Suppose real GDP per capita in a rich country is $40,000, and real GDP per capita in a poor country is $10,000. Assume that the rate of growth of GDP per capita is 2.4% per year in the rich country and is 7.2% per year in the poor country. Using the rule of 72, calculate about how many years it...

Suppose real GDP per capita in a rich country is $40,000, and real GDP per capita in a poor country is $10,000. Assume that the rate of growth of GDP per capita is 2.4% per year in the rich country and is 7.2% per year in the poor country. Using the rule of 72, calculate about how many years it...

Suppose real GDP per capita in a rich country is $40,000, and real GDP per capita in a poor country is $10,000. Assume that the rate of growth of GDP per capita is 2.4% per year in the rich country and is 7.2% per year in the poor country. Using the rule of 72, calculate about how many years it...