According to the rule of 70, if a country grows at 7 percent per year, it will double its real GDP per capita in:
A) 2 years.
B) 20 years.
C) 35 years.
D) 10 years.
Correct Answer:
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Q2: According to the rule of 70, we
Q3: According to the rule of 70, if
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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