Answer:
An economy that starts with a GDP of 1000 and grows at 6% per year will reach a GDP of $1,953 after 15 years.
Explanation:
The initial GDP is 1000.
The growth rate is 6% per year.
After 15 years, using the compound growth formula:
GDP after 15 years = 1000 * (1 + 0.06)^15 = $1,953
Therefore, the GDP will reach $1,953 after 15 years of 6% annual growth
