A Growth at a rate of 2.5% may seem slow but this means a country GDP will double within 28 years. 100 (1+0.. A Growth at a rate of 2.5% may seem slow but this means a country GDP will double within 28 years. 100 (1+0.025)^28 = 200 if the growth rate is 3% then the economy will double its production within 24 years….I don’t understand this or how I actually would go about calculating the economic growth rate? Also, Do economies converge??Thank you!!
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A Growth at a rate of 2.5% may seem slow but this means a country GDP will double within 28 years. 100 (1+0.
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