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    Macroeconomics Study Set 1
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    Exam 7: Economic Growth: Malthus and Solow
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    If Changes in Economic Policy Could Cause the Growth Rate
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If Changes in Economic Policy Could Cause the Growth Rate

Question 27

Question 27

Multiple Choice

If changes in economic policy could cause the growth rate of real GDP to increase by 1% per year for 100 years,then GDP would be ________% higher after 100 years than it would have been otherwise.


A) 1.3
B) 2.0
C) 2.7
D) 3.8
E) 4.2

Correct Answer:

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