GDP growth rate question?
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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?
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Answer:
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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