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The real GDP per capita in an economy increases at a rate of 2.6 percent. Calculate the number of years that it takes for real GDP to double. Assuming that the current GDP per capita is $40,000 and the growth rate will be on average 2.6 percent, how much will GDP per capita be after 10 years? After 20 years? After 30 years? Draw a graph to show approximately the evolution of this economy for the next 30 years.
Sandwich Generation
Those who carry the double responsibilities of taking care of both an elderly relative and their own children.
Ego-integration Stage
A later stage in life where individuals seek to understand and accept their lives and achievements, often associated with late adulthood.
Second Honeymoon Stage
A phase in a relationship or marriage characterized by a renewed sense of love, interest, and romantic connection, often after overcoming challenges.
Individualistic Stage
A phase in human development characterized by an emphasis on personal achievements and independence, often contrasted with collectivist values.
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