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20 November, 10:40

Assume real per capita GDP in North Midgar is $8,000 while in South Darlinia it is $2,000. The annual growth rate in North Midgar is 2.33%, while in South Darlinia it is 7%. How many years will it take for South Darlinia to catch up to the real per capita GDP of North Midgar?

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  1. 20 November, 10:56
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    Answer:30 years is the answer
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