menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Principles Applications
  4. Exam
    Exam 8: Why Do Economies Grow?
  5. Question
    Using the Rule of 70, If the GDP Per Capita
Solved

Using the Rule of 70, If the GDP Per Capita

Question 8

Question 8

Multiple Choice

Using the rule of 70, if the GDP per capita growth rate in the United States is 4.4 percent, real GDP per capita doubles every


A) 6.72 years.
B) 15.91 years.
C) 44 years.
D) 65.6 years.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: According to human capital theory, all of

Q4: In developing countries, economists have found _

Q5: In terms of technological progress, economists interpret

Q6: Increases in the stock of capital are

Q7: In what two ways can education contribute

Q9: Which of the following is an example

Q10: GDP per capita means GDP<br>A) in real

Q11: According to Robert Solow, the production function

Q12: To determine the change in the capital

Q13: In the Solow model, if total saving

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines