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Compute per capita income in ethiopia

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Reference no: EM133246017

Growth and development: In 2017, Ethiopia had a per capita income of $1,600, about $4 per day. Compute per capita income in Ethiopia for the year 2050 assuming average annual growth is

(a) 1% per year.

(b) 2% per year.

(c) 4% per year.

(d) 6% per year.

(For comparison, per capita income in Mexico in the year 2017 was nearly $17,000, about 30 percent of the U.S. level.)

Reference no: EM133246017

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