The Rule of 72 implies that a country with a growth rate of 6 percent will double its income in about:
A) 6 years.
B) 8 years.
C) 12 years.
D) 16 years.
Correct Answer:
Verified
Q21: Specialization allows individuals to:
A)broaden their skill base.
B)become
Q22: Small differences in growth rates can create
Q23: Compounding means that changes in living standards
Q25: The Rule of 72 implies that a
Q26: Markets help to promote growth by:
A)increasing specialization
Q27: Suppose Botswana doubles its income in 6
Q28: Market economies have been successful in leading
Q32: The effect of specialization and the division
Q33: The Rule of 72 implies that a
Q38: Economic growth:
A)does not affect living standards at
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