After 25 years explain how much larger is country bs, Ask an Expert

Economics

Two contries start with equal GDP's. The ecoonomy of Country A grows at an annual rate of 3 percent while the economy of Country B grows at an annual rate of 4 percent. After 25 years how much larger is Country B's economy the Country A's economy? Why is the answer not 25 percent?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9290649

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