If an economy can increase its steady annual growth rate from 1 percent to 1.5 percent,this reduces the time it takes for the economy to double in size by approximately __________ years.
A) 5
B) 8
C) 33
D) 17
E) 23
Correct Answer:
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Q17: The concept that economic growth can do
Q18: Economists Barro and McCleary's research regarding the
Q19: When income taxes fall,the supply of labor
Q20: Property rights are a tangible factor in
Q21: An economy doubles in size every 20
Q23: Compare a property rights system in which
Q24: An increase in nominal GDP
A) is absolute
Q25: The range of laws,rules,and regulations that define
Q26: "Absolute real economic growth" is defined as
Q27: If an economy's steady annual growth rate
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