
If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?
A) 12 years
B) 21 years
C) 23 years
D) 25 years
Correct Answer:
Verified
Q7: Suppose that real GDP for 2017 was
Q8: The only way the standard of living
Q9: If GDP grew 3% in 2015, 2.8%
Q10: Which of the following has not been
Q11: If GDP is currently $13 trillion and
Q13: 'Labour productivity' is the quantity of:
A)output that
Q14: Which of the following describes the growth
Q15: Over the past 100 years, economic growth
Q16: 'Long-term economic growth' is a term used
Q17: If an economy is growing at a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents