Suppose that us real gdp is expected to grow by 25 percent, Business Economics

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Suppose that us real gdp is expected to grow by 25 percent

Suppose that U.S. real GDP is expected to grow by 2.5 percent per year. (a). if real GDP is currently $7 trillion, what will the real GDP equal to in ten year?( b) 2.5 percent of $7 trillion is $0.175 trillion. if real GDP grows by $0.175 trillion per year, it will equal $8.75 trillion after ten years is your answer to part (a) greater than or less than $8.75 trillion? why?

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Business Economics: Suppose that us real gdp is expected to grow by 25 percent

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