The rule of 72
A) Refers to the base year from which growth rates are measured.
B) Shows the number of years it takes for productivity to triple.
C) Is the procedure for calculating percentage increases in the growth rate.
D) Can be used to determine how long it will take for GDP to double.
Correct Answer:
Verified
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
Q38: The number of years it takes for
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
Q44: If the growth rate of the labor
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents