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The size of economy at the begining of 2013=210000

5% growth in 2013 so size at the end of 2013= 105% of 210000=105/100*210000=220500

Double of 2013's GDP level willbe 441000 on the year M:... Managerial... Mana
Lets calculate size of economy in different years 2nd Edition 11th Edition 9th Ed

Years GDP level View all solutions

2014 231525

2015 243101

2016 255256

2017 262914

2018 270801

2019 278925

2020 281715

2021 284532

2022 287377

2023 290250

2024 293153

2025 2966084

2026 299046

2027 302036

2028 305056

2029 308107

2030 311188

2031 314299

2032 317442

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The economy is adding roughly 3300 per year so the balance (441000-327061) =113939 will be added by
34 years so economy willbe double in that of 2013 level by 2069

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