Solved

If Output Per Capita Grows by a Constant 6% Per

Question 12

Multiple Choice

If output per capita grows by a constant 6% per year, then the standard of living would grow by about over 3 years.

A) 15%
B) 20%
C) 12%
D) 23%
E) 19%

Related Questions

Q7: What are the three main conclusions that

Q8: When using a logarithmic scale to plot

Q10: In the OECD countries, there is a

Q11: An upward- sloping straight line on a

Q13: Between 1950 and 2009, the rate of

Q14: Over the past fifty years, convergence has

Q15: Assume that there are decreasing returns to

Q16: Suppose there are two countries that are

Q17: Assume that the stock of capital (K)

Q34: Suppose the capital stock increases by 10%