(Solved by Expert Tutors) Back then the rate of innovation and invention was very slow: in an

era in which the initial levelof annual world economic product were $10 billion, the average growth rate over the nextdoubling would be 0.005%/year..A. As of the year zero, annual world economic product was $100 billion. What is the averagegrowth rate over the next doubling? at what date? (give calculation process)

 

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