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Jill is interested in studying economic growth in her country. If Jill's country's present GDP is $489,001 and grows 1% every year, what is the future GDP of Jill's country 10 years from now? Round your answer to the nearest whole number.

Respuesta :

anthougo

The GDP (Gross Domestic Product) of Jill's country is the total value of productive activities within the country in a particular period.

  • In this instance, the future GDP of Jill's country in 10 years' time from now is equal to $540,346, given a current GDP of $489,001 with a growth rate of 1%.

Data and Calculations:

  • Current GDP of Jill's Country = $489,001
  • Annual growth rate of GDP = 1%
  • Growth period = 10 years
  • Future Value Factor of 1% in 10 years = 1.105
  • Therefore, the Future GDP in 10 years' time = $540,346 ($489,001 x 1.105)

Thus, the future GDP of Jill's country in 10 years' time from today is equal to $540,346.

Learn more about the calculation of future GDP at https://brainly.com/question/17076276

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