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Wednesday, October 28, 2009

GDP growth rate question?

In Ireland, the growth rate of real GDP per person averaged 10 percent a year during the 1990s. If this growth rate were to continue, in what year would real GDP per person be twice what it was in 2000?



GDP growth rate question?

USING THE RULE OF 72. IF THERE IS A 10% GROWTH RATE IT WILL TAKE 7.2 YEARS FOR THE GDP RATE TO DOUBLE. HOWEVER I AM UNSURE WHAT I AM UNSURE OF WHAT EXACTLY YOU ARE ASKING FOR...... I HOPE THIS HELPS.

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