Assume the growth rate of income is 10 and the growth rate


1. Assume the growth rate of income is 10% and the growth rate of population is 5.83%?

(a) The doubling time of income =

(b) The doubling time of population =

(c) The doubling time of income per capita =

2. Consider the following information about a developing country:

Income per capita Life expectancy Adult literacy Gross enrollment

$1037 43 years 53% 46%

(a) Income index =

(b) Life Expectancy index =

(c) Education index =

(d) Human Development index =

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Business Economics: Assume the growth rate of income is 10 and the growth rate
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