### Mexico to catch up to the living standard of america

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##### Reference no: EM132013159

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?

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