The number of years it takes for GDP to double is found by
A) Dividing 72 by the growth rate.
B) Multiplying 72 by per capita GDP.
C) Multiplying 72 by the growth rate.
D) Dividing the growth rate by 72.
Correct Answer:
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Q33: Assume the real U.S.GDP in 1997 was
Q34: The base period is a year
A)From which
Q35: The process of economic growth is
A)Not affected
Q36: The percentage change in real GDP from
Q37: The best measure of living standards is
A)The
Q39: The rule of 72
A)Refers to the base
Q40: Approximately how long would it take for
Q41: Ceteris paribus,if the employment rate is rising,the
Q42: Which of the following measures productivity?
A)The ratio
Q43: The growth rate of total output equals
A)Gross
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