Solved

If Our Economy Is Growing at a Constant Rate of 2

Question 125

Multiple Choice

If our economy is growing at a constant rate of 2 percent per year, then over a period of 20 years we would expect to see which of the following?


A) nice, steady flat-line growth
B) an upward sloping growth path
C) a downward sloping growth path
D) It is impossible to say what kind of growth path we would see.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions