Pick any country in the world. (a) Identify its level of GDP and GNI per capita for 2012. Which is higher? What’s the difference? (b) Pick either GDP or GNI. What has been this country’s average growth rate of this variable for the last 5 years? (c) Calculate what projected GDP/GNI per capita will be in 20 years assuming this growth rate trend continues? What about in 50 years? (d) Recalculate this projected GDP/GNI per capita in 20 and 50 years using a new growth rate that is the current five year trend plus an additional 4%.
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