Economics Macro

Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per capita is 1.6% per year, how many years will it take for real GDP per capita to reach $98,000?

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  1. http://www.moneychimp.com/calculator/compound_interest_calculator.htm

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  2. 78

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  3. 62.5

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