Suppose real GDP in Puerto Rico is $48 billion and its annual growth rate is 8%. Real GDP for Puerto Rico will double in

A) 6yrs

B) 7.5 yrs

C) 8 yrs

D) 8.75 yrs

E) an indeterminate amount of time with info provided

Question

Advanced Placement (AP)

Jordon Walters

14 August, 10:35

Suppose real GDP in Puerto Rico is $48 billion and its annual growth rate is 8%. Real GDP for Puerto Rico will double in

A) 6yrs

B) 7.5 yrs

C) 8 yrs

D) 8.75 yrs

E) an indeterminate amount of time with info provided

+4

Answers (1)

Know the Answer?

Lola Duncan · Answer 1

Answer: D. 8.75 years

If real GDP in Puerto Rico is $48 billion and its annual growth rate is 8%. Real GDP for Puerto Rico will double in 8 years.

Real GDP will be 82.26 in 6yrs, 88.84 in 8 years and almost double (94.17) in 8.75 years.

Suppose real GDP in Puerto Rico is $48 billion and its annual growth rate is 8%. Real GDP for Puerto Rico will double inA) 6yrsB) 7.5 yrsC) 8 yrsD) 8.75 yrsE) an indeterminate amount of time with info provided

Suppose real GDP in Puerto Rico is $48 billion and its annual growth rate is 8%. Real GDP for Puerto Rico will double in

A) 6yrs

B) 7.5 yrs

C) 8 yrs

D) 8.75 yrs

E) an indeterminate amount of time with info provided