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    Business
  3. Study Set
    Principles of Macroeconomics
  4. Exam
    Exam 8: Economic Growth
  5. Question
    If Population Increases at an Average Rate of 2% Per
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If Population Increases at an Average Rate of 2% Per

Question 2

Question 2

Multiple Choice

If population increases at an average rate of 2% per year and output increases at an average rate of 5% per year, then output per capita will double in


A) 14.4 years.
B) 18 years.
C) 24 years.
D) 36 years.

Correct Answer:

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