Suppose that transitia a transition economy grows at 8 each, Ask an Expert

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Suppose that Transitia, a transition economy, grows at 8% each year and Developam, a highly developed economy, grows at 4% a year. If Transitia has a GDP of $5 billion and Developam has a GDP of $40 billion, how long would it take before Transitia has the same GDP as Developam? Select one: a. Never b. 18 years c. 36 years d. 54 years e. 72 year

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92199804

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