The Rule of 70 is used to
A) estimate how much of an economy's growth rate is due to increases in capital per hour of labor.
B) calculate the standard of living.
C) calculate the economy's growth rate.
D) estimate how long it will take the level of any variable to double.
Correct Answer:
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Q10: According to the Economic Times (09/2012), Standard
Q13: Which of the following is used to
Q14: Suppose real GDP for a country is
Q15: Economic growth is measured by
A) changes in
Q16: In 2016, Armenia had a real GDP
Q17: Using the Rule of 70, if China's
Q19: If a nation's population grows, then
A) growth
Q20: In 2016, Armenia had a real GDP
Q21: Since 1980, which of the following had
Q23: Real GDP per person in the country
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