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bronzefox742Lv1
28 Sep 2019
According to the CIA, the per capita GDP of the USA in 2004 was $57300, and that of China was $14600.Newspapers reported that the rate of growth of GDP per capita in the USA is 3.0% per year and in China, it is 6% per year. Using the rule of 72, calculate approximately how many years it will take for real GDP per capita in China to surpass the GDP per capita in the USA?
According to the CIA, the per capita GDP of the USA in 2004 was $57300, and that of China was $14600.Newspapers reported that the rate of growth of GDP per capita in the USA is 3.0% per year and in China, it is 6% per year. Using the rule of 72, calculate approximately how many years it will take for real GDP per capita in China to surpass the GDP per capita in the USA?
Darryn D'SouzaLv10
28 Sep 2019