Multiple Choice
The Rule of 70 is used to
A) estimate how much of an economy's growth rate is due to increases in capital per hour of labor.
B) calculate the standard of living.
C) calculate the economy's growth rate.
D) estimate how long it will take the level of any variable to double.
Correct Answer:
Verified
Correct Answer:
Verified
Q160: Which of the following is TRUE regarding
Q161: If capital per worker rises<br>A) labor productivity
Q162: If new capital increases labor productivity, the
Q163: In general, a higher real wage rate
Q164: Which of the following statements is CORRECT?<br>I.
Q166: A central proposition of the new growth
Q167: The more education that workers have, the
Q168: The higher the real wage rate, the
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Q170: An advance in technology increases the productivity