Multiple Choice
Suppose Botswana doubles its income in 6 years while South Africa doubles its income in 9 years. According to the rule of 72, the growth rate in Botswana is:
A) 3 percentage points higher than the growth rate in South Africa.
B) 4 percentage points higher than the growth rate in South Africa.
C) 8 percentage points higher than the growth rate in South Africa.
D) 12 percentage points higher than the growth rate in South Africa.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: The rule of 72 implies that a
Q61: Microsoft Word is the most widely used
Q62: The law of diminishing marginal productivity implies
Q63: Per capita growth:<br>A)occurs only when the population
Q64: If per capita output increases by 5
Q66: Why is private property a source of
Q67: Economists once viewed capital accumulation as the
Q68: Steven Landsburg has suggested that Scrooge, a
Q69: Country A has economic growth of 1.5%
Q70: Explain how free trade among nations is