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    Macroeconomics Study Set 12
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    Exam 5: Economic Growth, the Financial System and Business Cycles
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    If, Between 2007 and 2017, the Economy's Real GDP Grew
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If, Between 2007 and 2017, the Economy's Real GDP Grew

Question 31

Question 31

Multiple Choice

If, between 2007 and 2017, the economy's real GDP grew from $20 billion to $40 billion, the average growth rate in the economy was


A) 3%.
B) 7%.
C) 20%.
D) 100%.

Correct Answer:

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