According to the Rule of 70, if a country grows at 2.0 percent per year instead of 1.5 percent per
Year, how many fewer years will it take to double its level of real GDP?
A) It will take 35 years fewer.
B) It will take 58.3 years fewer.
C) It will take 20 years fewer.
D) It will take 17.9 years fewer.
E) It will take 11.6 years fewer.
Correct Answer:
Verified
Q89: The productivity curve
A)is horizontal.
B)has a positive slope.
C)has
Q90: Q91: All of the following are preconditions for Q92: A reason for an increase in labor Q93: The Rule of 70, as applied to Q95: If real GDP grows at a rate Q96: The rule of-------------------- can be used to Q97: New growth theory predicts that Q98: If real GDP is $6,460 billion, the Q99: If real GDP grew 5 percent last
A)economic growth is
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