According to the "Rule of 70," it will take 4 years for real GDP per capita to double when the growth rate of real GDP per capita is
A) 4 percent.
B) 12.25 percent.
C) 17.5 percent.
D) 28 percent.
Correct Answer:
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Q19: If real GDP per capita doubles between
Q20: If real GDP grows by 3% in
Q21: Which of the following does not describe
Q22: Human capital refers to which of the
Q23: Long-run economic growth requires all of the
Q25: India's rapid growth can be explained by
A)reduced
Q26: Which of the following describes the growth
Q27: Potential GDP refers to
A)the level of GDP
Q28: The only way the standard of living
Q29: Article Summary
According to the U.S.Department of Labor,nonfarm
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