Answer to Question #137142 in Macroeconomics for CIARA

Question

Using the data above, answer the following questions. 

a)      Prepare a chart that compares India, Spain, and South Africa based on the data you find. Describe the key differences between the countries. Rank these as high-, medium-, and low-income countries, explain what is surprising or expected about this data.

Use the Rule of 72 to estimate how long it will take for India, Spain, and South Africa to double their standards of living.  

Answer 1

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