According to the text the GDP per capita in the U.S. was $45,000 dollars in 2007. What will it be in 2017 given the following three assumptions with zero population growth?
0 percent growth rate in GDP
2 percent growth rate in GDP
4 percent growth rate in GDP
Future GDP= Present GDP *(1+Growth rate )^Duration
a) For 0 percent ...
Response helps in calculating GDP per capita