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Suppose that a country's annual growth rates over a 10-year period were as follows: Year Growth Rate 1 5 % 2 3 3 4 4 -1 5 -2 6 2 7 3 8 4 9 6 10 3

          Suppose that a country's annual growth rates over a 10-year period were as follows:
Year
Growth Rate
1
5 %
2
3
3
4
4
-1
5
-2
6
2
7
3
8
4
9
6
10
3
        
Suppose that a country's annual growth rates over a 10-year period were as follows:
Year
Growth Rate
1
5 %
2
3
3
4
4
-1
5
-2
6
2
7
3
8
4
9
6
10
3

Added by David F.

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Suppose that a country's annual growth rates over a 10-year period were as follows: able[[Year,Growth Rate],[1,5% Suppose that a country's annual growth rates over a 10-year period were as follows Year 1 2 3 4 5 6 7 8 9 10 Growth Rate 5% 3 4 -1 -2 2 3 4 6 3
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Transcript

-
00:01 Let t be the time to double the gdp.
00:04 Thus we are using the rule of 70.
00:06 So the time taken by the country b, country b to double the gdp is equal to 70 divided by 4.
00:18 So it is equal to 17 .5.
00:21 That is in 17 .5 years, country b will double its gdp...
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