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Assume that China’s GDP grows at a rate of 8% annually and the USA’s at 2.5% Suppose that in 2010 the GDP of the two countries were 6 trillion and 14 trillion respectively At

Assume that China’s GDP grows at a rate of 8% annually, and the USA’s at 2.5%. Suppose that in 2010 the GDP of the two countries were 6 trillion and 14 trillion respectively. At these growth rates, in what year can we expect to see China’s GDP equal that of the USA? (a) 2054 (b) 2026 (c) 2020 (d) 2042 (e) 2035

May 15 2020 View more View Less

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