Using the rule of 70, if the GDP per capita growth rate in the United States is 4.4 percent, real GDP per capita doubles every
A) 6.72 years.
B) 15.91 years.
C) 44 years.
D) 65.6 years.
Correct Answer:
Verified
Q13: Recall the Application about the effect of
Q14: Suppose the annual growth rate of GDP
Q15: GDP per capita means GDP
A) in real
Q16: Suppose real GDP was 120 in year
Q17: Suppose the annual growth rate of GDP
Q19: If the growth rate for GDP was
Q20: Recall the Application about the effect of
Q21: At a 3.5 percent annual growth rate
Q22: Economists who have studied economic growth find
Q23: Decreases in the stock of capital will
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