Calculate the change in the number of years it will take for real GDP per person in India to double if real GDP per person increases from percent a year to percent a year. >>> Answer to 1 decimal place. When real GDP per person grows at percent a year, real GDP per person in India doubles in nothing years.

Select the correct answer. after the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.