Question

Question 10 2 pts Consider the country of Scott-opolis. This country has a real GDP of $1,000,000,000 in 2019 and then $1,020,000,000 in 2020. The population growth was 1% from 2019 to 2020. Given these numbers, how long would it take for the country to double its real GDP? 20 years 28 years 35 years 56 years Never Question 11 2 pts For the country of Scott-opolis, how long would it take for the country to double its real GDP per capita? 28 years 35 years 56 years 70 years Never 2 pts

Answer 1

20 1o) econ real GDP 2019 growth sate Real GDP 2020 - Real GDP, Real GDP 2014 10? = 102x107 109 x too 25 24 Rule of to number of years to 76 30 double Tits real GDP) annual to growthrate 70% 35 years option (c)

poplom growth 2019 to 2020 from growth rate in real GDP pero capita growth rate in fealGPP pople growth rate 28. 5 2 i number 70% 35 years number of years to double (its real GDP per capita) 10 ophon b)