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    Principles of Economics Study Set 11
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    Exam 24: Economic Growth and the Wealth of Nations
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    If Your Income Increases at a Rate of 2 Percent
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If Your Income Increases at a Rate of 2 Percent

Question 140

Question 140

Multiple Choice

If your income increases at a rate of 2 percent per year,how long will it take to double your income?


A) 10 years
B) 25 years
C) 35 years
D) 50 years
E) 75 years

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