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QUESTION
Japan's real GDP was 525 trillion yen in 2009 and 535 trillion in 2010. Japan's population was 127.6 million in 2009 and 127.5 million in 2010....
Japan's real GDP was 525 trillion yen in 2009 and 535 trillion in 2010. Japan's population was 127.6 million in 2009 and 127.5 million in 2010.
1. Calculate the economic growth rate
2.Calculate the growth rate of real GDP per person
3.Calculate the approximate number of years it takes for real GDP per person in Japan to double if the 2010 economic growth rate and the population growth rate are maintained.
