(Answered) Two economies a and b start out with real gdp equal to 1000

Economics

Two economies, A and B, start out with real GDP equal to $1,000. If country A grows at a rate of 5% while country B grows at a rate of 10%, calculate the following:

a) Country A's level of real GDP after 3 years.

b) Country B's level of real GDP after 3 years.

c) The difference in the two countries GDP after 3 years.

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Macroeconomics, Economics

Category:- Macroeconomics
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