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    Principles of Economics Study Set 8
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    Exam 35: The Miracle of Compound Growth
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    Suppose Real GDP Per Capita Grows at a Rate of 2.5
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Suppose Real GDP Per Capita Grows at a Rate of 2.5

Question 1

Question 1

Essay

Suppose real GDP per capita grows at a rate of 2.5 percent.How many years will it take for it to double? What if the growth in real GDP per capita were 3 percent?

Correct Answer:

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