Given the annual rate of economic growth, the "rule of 70" allows one to
A) determine the accompanying rate of inflation.
B) calculate the size of the GDP gap.
C) calculate the number of years required for real GDP to double.
D) determine the growth rate of per capita GDP.
Correct Answer:
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Q1: Real GDP per capita
A) cannot grow more
Q3: Growth is advantageous to a nation because
Q6: If a nation's real GDP increases from
Q11: Which of the following best measures improvements
Q11: Economic historians date the start of the
Q12: For a nation's real GDP per capita
Q13: Between 1950 and 2015, U.S.real GDP grew
Q17: The number of years required for real
Q22: Countries that have experienced modern economic growth
Q29: Under what circumstances do rates of economic
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