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In August 2013,Russia's State Statistics Committee Reported That Its Growth

Question 246

Essay

In August 2013,Russia's State Statistics Committee reported that its growth rate fell to 1.2% in the second quarter of 2013.
a.If this rate of growth continues,how long will it take for Russia's GDP to double?
b.President Putin was hoping for a 5% growth rate.If Russia achieves a 5% growth rate,how long will it take for Russia's GDP to double?

Correct Answer:

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33,or slightly more than 58 years for Ru...

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