Solved

The Implied Growth Rate for a Country Between 1960 and 2010

Question 60

Multiple Choice

The implied growth rate for a country between 1960 and 2010 was 6 percent.This implies that ________.

A) the country grew by at least 6 percent in any of the 50 years between 1960 to 2010 to reach the level of GDP in 2010 starting at the 1960 level
B) the growth rate of GDP in the country was above 6 percent between 1960 and 2010
C) the country grew at an average rate of 6 percent per year between 1960 and 2010 to reach the 2010 level of GDP starting at the 1960 level
D) the country grew at rates above 6 percent per year between 1960 and 2010 to reach the 2010 level of GDP starting at the 1960 level

Correct Answer: