This website automatically generates growth rate practice problems. There is no limit to how many problems you can try. Press the "Refresh" button on your browser to generate a new problem.



Click here for numerical problems

Xt+1 = (1 + g)Xt



If the growth rate g is equal to the exogenous constant(s) d and X0 is also exogenous, then what is Xt? (Remember that a solution expresses an endogenous variable in terms of exogenous variables)

Scroll all the way down to see the solutions

































































































Answer:

Xt = (1 + d)t X0