According to the rule of 70,a country will double its real GDP per capita in 10 years if it:
A) experiences 7 percent growth rate in GDP.
B) has inflation of 7 percent.
C) has a population growth rate of 7 percent.
D) None of these is true.
Correct Answer:
Verified
Q27: Our measurement of output per worker is
Q31: Productivity is generally measured as:
A) output per
Q32: Increases in productivity per person lead to:
A)increases
Q35: An example of physical capital is:
A)a construction
Q37: Increases in productivity per person lead to
Q37: Increases in productivity per person:
A)is highly desirable,as
Q38: The productivity of workers can depend upon
Q41: Physical capital is:
A) the stock of equipment
Q41: Education and training is a way to
Q51: An example of physical capital is:
A) 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