Solved: Real gdp per capita of china is 4000 and its annual growth, Macroeconomics

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Real gdp per capita of china is 4000 and its annual growth

Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year. Real GDP per capita of China is $4,000, and its annual growth rate is 7%.Look at the scenario Growth Rates. According to the rule of 70, how large will China's real GDP per capita be in 20 years? PLEASE SHOW ALL WORK.

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