Tutorial Economic Growth 1

Tutorial Economic Growth 1 - Economic Growth Tutorial 1 The...

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Unformatted text preview: Economic Growth Tutorial 1 The file sa.xls contains the data on Real per capita GDP for South Africa from 1950 to 2007. Use this data to answer the following questions 1. What was the average growth rate in the periods 1950‐1970, 1970‐1990 and 1990‐2007? 2. How long it will take for South African per capita income to double from its 2007 level if the future growth rate remains the one recorded in the period 2000‐ 2007? 3. How long it will take for South African per capita income to double from its 2007 level if the future growth rate is 6%? ...
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