
Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279
Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 2
The IMF projects that China's real GDP per person will be 15,040 yuan in 2015 and 16,010 yuan in 2016 and that India's real GDP per person will be 54,085 rupees in 2015 and 56,840 rupees in 2016. By maintaining their current growth rates, which country will be first to double its standard of living
Explanation
A rise in the real GDP per capita can be...
Macroeconomics 12th Edition by Michael Parkin
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