The Rule of 70, as applied to real GDP growth, can be used to find the
A) number of years it takes for the growth rate of real GDP to double.
B) population growth rate necessary to double the GDP growth rate.
C) real GDP growth rate necessary to double growth.
D) number of years it takes for the level of real GDP to double.
E) growth rate of real GDP.
Correct Answer:
Verified
Q88: The fastest growing nations today are those
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 Q94: According to the Rule of 70, if 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
A)economic growth is
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