Multiple Choice
Holding everything else unchanged, if a nation's output grows at approximately 2.4% per year and its population doubles in 45 years, calculate the approximate rate of change in per capita real GDP.
A) 0.8% per year
B) 1.6% per year
C) 2.4% per year
D) 4% per year
Correct Answer:
Verified
Correct Answer:
Verified
Q126: According to the rule of 72, a
Q127: Towards the end of the twentieth century,
Q128: Use the following to answer questions .<br>Exhibit:
Q129: All other things unchanged, which of the
Q130: The rate of economic growth per capita
Q131: An increase in the capital stock would
Q132: Use the following to answer questions .<br>Exhibit:
Q134: Suppose the world's population in 2012 is
Q135: If output per capita doubles in 30
Q136: Which of the following applies to economic