Solution-China overtake the us in terms of gdp per capita

China overtake the us in terms of gdp per capita

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Between 1970 and 2005, China's GDP per capita grew at an average rate of 7.3% per year while GDP per capita in the US grew at an average rate of 2.2%. In 2005, US GDP per capita was $36,806 and Chinese GDP per capita was $5,955. Assuming that the two countries continue to grow at these rates, in what year will China overtake the US in terms of GDP per capita?

Reference no: EM131171199

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China overtake the us in terms of gdp per capita : In 2005, US GDP per capita was $36,806 and Chinese GDP per capita was $5,955. Assuming that the two countries continue to grow at these rates, in what year will China overtake the US in terms of GDP per capita?

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China overtake the us in terms of gdp per capita

Reference no: EM131171199

Reference no: EM131171199

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