Geometric Progression: Growth in European Economies

Synopsis

Of the ten countries that joined the EU in 2004 Poland has the largest economy. However, its average income is only around 9,500 Euro p.a. If Poland can sustain a growth rate of around five per cent for some time it can hope to reach the EU average eventually. This film explains how to calculate how long that will be. [8 minutes]

Language

English

Country

Great Britain

Year of release

2008

Subjects

Economics; Mathematics

Keywords

economic forecasting; European Union; Poland

Online availability

URI

http://www.metalproject.co.uk/METAL/Resources/Films/Mathematics_of_finance/

Price

free

Delivery

Streamed/Download

Distributor

Name

Mathematics for Economics: Enhancing Teaching and Learning