According to the rule of 70, if a country grows at an average rate of 2 percent per year, what would happen after 35 years?
A) The country's real GDP per capita would double.
B) The country's nominal GDP would double.
C) The country's real GDP would double.
D) The country's nominal GDP per capita would double.
Correct Answer:
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Q1: According to the rule of 70, if
Q2: According to the rule of 70, we
Q4: Historically, real income per person:
A) barely changed
Q5: If a country grows at an average
Q6: Over the last 100 years or so,
Q7: In a given year, suppose the real
Q8: The real GDP per capita growth rate
Q9: According to the rule of 70, a
Q10: In a given year, suppose the nominal
Q11: If a country grows at an average
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