In 1975 and 2009 chinas gdp per capita grew at an average


In 1975 and 2009, China's GDP per capita grew at an average rate of 7.9% per year whereas GDP per capita in United States grew at an average rate of 1.8%. In 2009, U.S. GDP per capita was $41, 099 and Chinese GDP per capita was $7, 634. Assuming that the two countries continue to grow at these rates, in what year will China overtake the United States in terms of GDP per capita?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: In 1975 and 2009 chinas gdp per capita grew at an average
Reference No:- TGS02221240

Expected delivery within 24 Hours