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Business, 19.02.2021 02:00 lucretiak74

In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in U. S. dollars). India was also one of the world’s fastest‑growing economies, with an annual growth rate of real GDP of 7.3%. a. If the country maintains the same growth rate, how many years will it take for India’s GDP to double? Round your answer to two decimal places. India's GDP will double in years. b. Bangladesh’s GDP was $286.27 billion, but its growth rate was equal to India’s. How many years will it take for Bangladesh’s economy to double? Round your answer to two decimal places. Bangladesh's GDP will double in years. Although Bangladesh and India have the same annual growth rate, their economies are much different in size. One way to explain the size difference to someone who is unfamiliar with scaling large numbers is to visualize it. India's GDP is a whereas Bangladesh's GDP is a . d. Which strategy for scaling big numbers would work best to compare India's and Bangladesh's GDP? The best strategy is to .

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In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in U....

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