How large will Canada's GDP be 25 years from now? The answer depends on what the rate of growth in GDP will be over that 25-year period. A mathematical formula we can use for this calculation is the following: GDP= GDP (1+9) where GDP is the level of GDP in the year 2043, GDPous is the level of GDP in the year 2018, and g is the rate of growth in GDP Assume that GDP in 2018 is $1,000 million and assume that the value of g is 0.035 (3.5 percent per year). What will be the value of GDP in 2043? O $2,855 million O $2,666 million O $2,525 million. O $2,363 million Now suppose that the value of g is 0.040 (4.0 percent per year). What will be the value of GDP in 2043 given this slightly larger rate of growth? $2,666 million $2,525 million O$2,855 million O $2.363 million
