Suppose a panel of economists predicts that a nation's real GDP per capita will have an average annual growth rate of 2%. According to the rule of 70, how many years will it take for this nation's real GDP per capita to double?
A) 35
B) 70
C) 140
D) 20
Correct Answer:
Verified
Q2: In the popular press we see many
Q2: A key input for measuring economic growth
Q3: Output per capita in the United States
Q4: The standard of living in a country
Q6: The _in an economy whose aggregate real
Q7: Suppose a panel of economists predicts that
Q7: China has much higher rate of growth
Q9: Which of the following is the most
Q11: If a country has a population of
Q13: Economists use real GDP per capita to
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