The accompanying table shows the average annual growth ratein real GDP per capita for
Chapter 7, Problem 2(choose chapter or problem)
The accompanying table shows the average annual growth ratein real GDP per capita for several countries between 1960 and2000. (Source: The Penn World Table, Version 6.2)a. For each decade and for each country, use the Rule of 70where possible to calculate how long it would take for thatcountrys real GDP per capita to double.b. Suppose that the average annual growth rate that eachcountry achieved over the period 19902000 continues indefinitelyinto the future. Starting from 2000, use the Ruleof 70 to calculate, where possible, the year in which a countrywill have doubled its real GDP per capita
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