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If the Annual Growth in a Nation's Productivity Is 2

Question 193

Multiple Choice

If the annual growth in a nation's productivity is 2.8 percent rather than 1.5 percent, then the nation's standard of living will double in about

A) 20 years instead of 40 years.
B) 25 years instead of 47 years.
C) 46 years instead of 70 years.
D) 55 years instead of 115 years.

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