Find the annual rate of growth required to achieve target


Problem

The population of a country is currently at 56 million and is forecast to rise by 3.7% each year. It is capable of producing 2500 million units of food each year, and it is estimated that each member of the population requires a minimum of 65 units of food each year. At the moment, the extra food needed to satisfy this requirement is imported, but the government decides to increase food production at a constant rate each year, with the aim of making the country self-sufficient after 10 years. Find the annual rate of growth required to achieve this.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Find the annual rate of growth required to achieve target
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