Solved

Using the Rule of 70, If the GDP Per Capita

Question 27

Multiple Choice

Using the rule of 70, if the GDP per capita growth rate in the United States is 3.5 percent, real GDP per capita doubles every

A) 20 years.
B) 24.5 years.
C) 35 years.
D) 70 years.

Related Questions

Q22: All of the following encourage increases in

Q23: If an economy grows at 6 percent

Q24: If the growth rate for GDP was

Q25: Why is it difficult to make accurate

Q26: Which of the following creates difficulties in

Q28: Capital stock will increase as long as<br>A)

Q29: In a simple economy (without government or

Q30: Explain the economic concept of convergence.

Q31: If the growth rate for GDP was

Q32: The returns to education are<br>A) lowest in