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QUESTION
If GDP is increasing by 3%, how long will it take Per Capita GDP to double if the population grows at 2%?
If GDP is increasing by 3%, how long will it take Per Capita GDP to double if the population grows at 2%?
If GDP is increasing by 3%, how long will it take Per Capita GDP to double if the populationgrows at 2%We know that,per capita GDP(y)= GDP(Y)/ population(n)or, logy=logy-log n(taking logarithm...