If real GDP doubles in 35 years, its average annual growth rate is approximately:
A) 1%.
B) 2%.
C) 3%.
D) 4%.

Multiple Choice

Related questions

Q 24

If real GDP grows at an average rate of 3% per year, it will double in _____ years.
A) less than 10
B) approximately 17
C) approximately 23
D) approximately 36

Q 26

If real GDP doubles in 12 years, its average annual growth rate is approximately:
A) 6%.
B) 5%.
C) 4%.
D) 3%.

Q 27

India is growing at a rate of 9% per year, and its real GDP per capita is about $3,500, while the United States is growing at a rate of 3% per year, and its real GDP per capita is about $47,000. How long will it take India to double its real GDP per capita?
A) 7.8 years
B) 10.2 years
C) 14.6 years
D) 90 years