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    Principles of Macroeconomics
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    Exam 8: Economic Growth
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    If Output Per Capita Doubles in 24 Years and the Population
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If Output Per Capita Doubles in 24 Years and the Population

Question 81

Question 81

Multiple Choice

If output per capita doubles in 24 years and the population doubles in 18 years, what is the growth rate of output?


A) 4% per year
B) 5% per year
C) 6% per year
D) 7% per year

Correct Answer:

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