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Suppose That the Annual Real GDP Per Capita in India

question 113

Essay

Suppose that the annual real GDP per capita in India is currently $2,000 and in the United States it is $50,000. If the United States is growing at 3 percent per year, what growth rate would India need to grow in order to have the same annual real GDP per capita as the United States 50 years from today? Show all of your work.


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A philosophical and critical approach to sociology, literature, and other fields that questions and deconstructs established structures and viewpoints, emphasizing the fluidity of meanings and the instability of concepts.

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