Assume that the rate of growth in living standards is the same as the rate of growth in productivity.
(A)If the rate of productivity growth was the same as it was during the period 1956-1975 (2.5 percent),how many years would it take for an individual's standard of living to double?
(B)If the rate of productivity growth was the same as it was during the period 1976-1995 (1.2 percent),how many years would it take for an individual's standard of living to double?
(C)If the rate of productivity growth was the same as it was during the period 1996-2005 (2.3 percent),how many years would it take for an individual's standard of living to double?

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The Answer of Assume that the rate of growth in living standards is the same as the rate of growth in productivity.
(A)If the rate of productivity growth was the same as it was during the period 1956-1975 (2.5 percent),how many years would it take for an individual's standard of living to double?
(B)If the rate of productivity growth was the same as it was during the period 1976-1995 (1.2 percent),how many years would it take for an individual's standard of living to double?
(C)If the rate of productivity growth was the same as it was during the period 1996-2005 (2.3 percent),how many years would it take for an individual's standard of living to double?

Assume That the Rate of Growth in Living Standards Is