How long will democratic republic of congo to catch up, Microeconomics

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How long will democratic republic of congo to catch up

Assume that the poorest country in the world is Democratic Republic of the Congo and the richest country in the world is Luxembourg. Assume that Democratic Republic of the Congo has a per capita PPP GDP of $373 and Luxembourg has a per capita PPP GDP of $89,012. If Luxembourg grows at 1% per capita per year and Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg?

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Microeconomics: How long will democratic republic of congo to catch up

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Microeconomics: How long will democratic republic of congo to catch up

Reference No:- TGS044988

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Recent Questions Asked Microeconomics

Q : What is benson''s ending inventory for tax purposes for 2011

Q : Explain what is an opportunity cost

Q : Accounting period to the next

Q : What will bedigby''s book value

Q : How long will democratic republic of congo to catch up

Q : Computing the current price of bond

Q : Charitable contribution deduction basics

Q : Percentage of total inventory costs

Q : Prepare operating activities section statement of cash flow

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How long will democratic republic of congo to catch up

Reference No:- TGS044988

Recent Questions Asked Microeconomics

Q : What is benson''s ending inventory for tax purposes for 2011

Q : Explain what is an opportunity cost

Q : Accounting period to the next

Q : What will bedigby''s book value

Q : How long will democratic republic of congo to catch up

Q : Computing the current price of bond

Q : Charitable contribution deduction basics

Q : Percentage of total inventory costs

Q : Prepare operating activities section statement of cash flow

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