In 2000 the us accounted for one-fourth of total world


In 2000, the US accounted for one-fourth of total world energy consumption when both the US and the world rates were growing at a 1.5 % annual rate. Suppose the US cuts its growth rate to 0.69 %, while the rest of the world continued to increase consumption by 1.5 % per year. What would the US share of total consumption (%) be in 2050?

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Financial Management: In 2000 the us accounted for one-fourth of total world
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