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Advanced Placement (AP)Advanced Placement (AP)
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

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Answers (1)
  1. 14 August, 13:26
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    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.
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Home » Advanced Placement (AP) » 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
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