Multiple Choice
If the secular trend of labor productivity rises from 2 percent per year to 4 percent, the number of years that it will take for the standard of living to double will decline by about
A) 5.2 years.
B) 10.1 years.
C) 17.5 years.
D) 23.8 years.
Correct Answer:
Verified
Correct Answer:
Verified
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