[Answer] Suppose real GDP per capita in Canada is $25 000 and its annual growth rate is 5%. During the same time period the real GDP per capita of Mexico is $2 000 and its annual growth rate is 4%. How much more quickly will Canada double its real GDP than Mexico?

Answer: 3½ years
Suppose real GDP per capita in Canada is $25 000 and its annual growth rate is 5%. During the same time period the real GDP per capita of Mexico is $2 000 and its annual growth rate is 4%. How much more quickly will Canada double its real GDP than Mexico?

Toronto is the capital city of the Canadian province of Ontario.With a recorded population of 2 731 571 it is the most populous city in Canada and the fourth most populous city in North America.The city is the anchor of the Golden Horseshoe an urban agglomeration of 9 245 438 people (as of 2016) surrounding the western end of Lake Ontario while the Greater Toronto Area (GTA) proper had a …

This has promoted a steady increase of GDP and the annual growth rate . The Government of Egypt tamed inflation bringing it down from double -digit to a single digit. Currently GDP is rising smartly by 7% per annum due to successful diversification. Gross domestic product ( GDP ) per capita based on purchasing-power-parity (PPP) increased fourfold …

In 1923 the rate of inflation hit 3. 25 × 10 6 percent per month (prices double every two days). Beginning on 20 November 1923 1 000 000 000 000 old Marks were exchanged for 1 Rentenmark so that 4 . 2 Rentenmarks were worth 1 US dollar exactly the same rate the Mark had in 1914. First phase: Start and end date: January 1920 – January 1920

Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean covering 9.98 million square kilometres (3.85 million square miles) making it the world’s second-largest country by tot…

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