Mexico to catch up to the living standard of america

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If America has real GDP per capita of $40,000, and if a Mexico has real GDP per capita of $20,000. Next if that the growth of real GDP per capita falls to zero percent in America and rises to 2 percent in Mexico. If these rates continue for long periods of time, how many years will it take for Mexico to catch up to the living standard of America?

Reference no: EM132013159


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