1
answer
0
watching
111
views

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?

For unlimited access to Homework Help, a Homework+ subscription is required.

Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in

Related textbook solutions

Related questions

Weekly leaderboard

Start filling in the gaps now
Log in