Solution-Countries start with equal gdp

Countries start with equal gdp

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Two countries start with equal GDPs. The economy of Country A grows at an annual rate of 3 percent, whereas the economy of Country B grows at an annual rate of 4 percent. After 25 years, how much larger is Country B's economy than Country A's economy? Why is tha naswer not 25 percent?

Reference no: EM131092652

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Countries start with equal gdp

Reference no: EM131092652

Reference no: EM131092652

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