To calculate the time required by real GDP to double, we _____.
A) divide the annual growth rate by 72
B) divide 72 by nominal GDP
C) divide real output by 72
D) divide 72 by the annual growth rate
E) multiply real GDP by 72
Correct Answer:
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Q10: Economic growth is measured as:
A)the quarterly percentage
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Q12: If the average annual growth rate of
Q13: Using the rule of 72, calculate the
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A)equivalent to the
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