In how many years will the chinese gnp double

Reference no: EM13698499

Solve the all parts of given problem:

Problem: Currently the annual growth rate of the US (Gross National Product) is about 2%, while the GNP of China is growing 7% annually. At this time the US GNP is roughly twice as large as that of China. Assume these growth rates will persist.

Part A: In how many years will the Chinese GNP double?

Part B: In which year will the two countries' GNPs be equal to each other?

Please show the work for the calculation so I can understand what I'm doing. Thanks!

Reference no: EM13698499

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