HELP PLEASE .......Suppose that you are opening a new music store in your town. What resources would you need from the factor ma
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<u>Given:</u>
Real GDP of US = 32000
Growth rate of US = 2%
Real GDP of China = 4000
Growth rate of China = 7%
<u>To find:</u>
Number of years taken for China's real GDP per capita to be larger than real GDP per capita in the United States.
<u>Solution:</u>
The formula to calculate the years is,
On plugging-in the values,
On solving the values we get,
Therefore, we can clearly identify that number of years is greater than 40 and less than 45.