The Rule of 70 is used to
A) calculate the standard of living
B) calculate the economy's growth rate
C) estimate how much of an economy's growth rate is due to increases in capital per hour of labor
D) estimate how long it will take the level of any variable to double
Correct Answer:
Verified
Q1: Suppose a country is producing $20 million
Q3: Suppose a nation's population grows by 2
Q4: If real GDP per person is growing
Q5: If a nation's population grows, then,
A) there
Q6: In 2005, Armenia had a real GDP
Q7: In 2005, Armenia had a real GDP
Q8: Which of the following is used to
Q9: The best definition for economic growth is
A)
Q10: We are interested in long- term growth
Q11: In 2005, Armenia had a real GDP
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