If output per capita doubles in 24 years and the population doubles in 18 years, what is the growth rate of output?
A) 4% per year
B) 5% per year
C) 6% per year
D) 7% per year
Correct Answer:
Verified
Q42: Suppose labor is the only variable that
Q43: Use the following to answer questions .
Exhibit:
Q44: Suppose the world's population in 2012 is
Q45: The aggregate production function shows the _
Q46: Use the following to answer question .
Exhibit:
Q48: A curve that relates an economy's total
Q49: If a nation's real GDP grows at
Q50: Holding everything else unchanged, if a nation's
Q51: Economic growth can be represented by
A) an
Q52: Use the following to answer questions.
Exhibit: Aggregate
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