This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
ScanSolve AI Answer
Step 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\% = (22)/(1000) × 100\% = 2.2\% Step 2: Apply the Doubling Time formula. The formula for Doubling Time is given as: Doubling Time = (70)/(growth rate per year) Using the growth rate of 2.2\% for PNG in 1990: Doubling Time = (70)/(2.2) Doubling Time ≈ 31.818 years Step 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 The doubling time for PNG in 1990 is approximately 31.8 years Last free one today — make it count tomorrow, or type /upgrade for unlimited.