The rule of 70 states that
A) it takes an economy 70 years to double its real GDP.
B) the number of years it takes an economy to double in size is 70 divided by the growth rate.
C) the number of years it takes an economy to double in size is the growth rate times 70.
D) the number of years it takes an economy to double in size is the growth rate divided by 70.
Correct Answer:
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Q37: Growth in potential GDP in the United
Q38: Which of the following is an example
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Q40: Actual real GDP will be above potential
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Q43: Which of the following is most likely
Q44: Labor productivity will increase if the _
Q45: Suppose that real GDP for 2017 was
Q46: Potential GDP is defined as
A)the maximum of
Q47: If,between 2008 and 2018,the economy's real GDP
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