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Calculate the doubling time for PNG in 1990 given a natural increase of 22 per 1000 people.

Economics

ScanSolve AI Answer

Answer

31.8 years\text{}31.8 \text{ years}\text{}

Step-by-step solution

3 steps
  1. Identify the growth rate for PNG in 1990.

    The provided text calculates the growth rate for PNG in 1990 as:

    Growth rate=Natural increase1000×100%=221000×100%=2.2%\text{Growth rate} = \frac{\text{Natural increase}}{1000} \times 100\% = \frac{22}{1000} \times 100\% = 2.2\%
  2. Apply the Doubling Time formula.

    The formula for Doubling Time is given as:

    Doubling Time=70growth rate per year\text{Doubling Time} = \frac{70}{\text{growth rate per year}}

    Using the growth rate of 2.2%2.2\% for PNG in 1990:

    Doubling Time=702.2\text{Doubling Time} = \frac{70}{2.2} Doubling Time≈31.818 years\text{Doubling Time} \approx 31.818 \text{ years}
  3. Round the Doubling Time to a reasonable number of decimal places, or as an approximation.

    Rounding to one decimal place:

    Doubling Time≈31.8 years\text{Doubling Time} \approx 31.8 \text{ years}

    The doubling time for PNG in 1990 is approximately 31.8 years\boxed{\text{}31.8 \text{ years}\text{}}

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