Suppose country X currently produces $3400 of goods and services per year with a constant growth rate of 2.2% per year.
Posted: Sun May 29, 2022 8:05 pm
Suppose country X currently produces $3400 of goods and services
per year with a constant growth rate of 2.2% per year.
Country Y's production is currently $4100 with growth of 0.5%
per year.
Using the rule of 72, how long does it take for country X's
production to double? years
Using the rule of 72, how long does it take for country Y's
production to double? years
After how long will the two countries have the same level of
production? years
Estimate the level of production when the two countries produce
the same amount. $
per year with a constant growth rate of 2.2% per year.
Country Y's production is currently $4100 with growth of 0.5%
per year.
Using the rule of 72, how long does it take for country X's
production to double? years
Using the rule of 72, how long does it take for country Y's
production to double? years
After how long will the two countries have the same level of
production? years
Estimate the level of production when the two countries produce
the same amount. $