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July 7, 2015

Homework Help: economics

Posted by sheela on Monday, January 29, 2007 at 7:40pm.

GDP per capita in the U.S. was approximately $41,000 in 2005, what will it be in the year 2015 in GDP per capita grows each year by
A) 0%
B) 2%
C)4%

Use algebra.
a) 41,000
b) 41,000*((1.02)^10)
c) 41,000*((1.04)^10)

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