To find the approximate number of years it takes the economy to double:
A) divide its growth rate by 70.
B) divide 70 by its growth rate.
C) divide its growth rate by 100.
D) multiply its growth rate by 20.
Correct Answer:
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Q37: If output is growing at 5% annually,
Q38: If real GDP per capita grows at
Q39: According to the rule of 70, if
Q40: The rule of 70 is MOST useful
Q41: The Rule of 70 applies:
A) only to
Q43: Economists say that long-run economic growth is
Q44: From 2010 to 2011, nation A's real
Q45: Over the course of the twentieth century,
Q46: Use the following to answer questions:
Q47: Productivity is equal to:
A) real GDP divided
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