Refer to the above table. How long would it take for a country to triple its GDP if the GDP grew at a 20 percent rate?
A. 2 years
B. 10 years
C. 4 years
D. 6 years
Answer: D
You might also like to view...
How is a production indifference map helpful?
What will be an ideal response?
Economic growth is:
A. about the quality of life for all sectors of society. B. an indicator of individual poverty. C. the measure of changes in real GDP. D. a measurement of available resources.
Which of the following does not explain why the U.S. economy has been more stable after 1946 than before?
A. A shift from manufacturing to services. B. A large government sector. C. A laissez faire approach. D. Automatic stabilizers.
When the U.S. housing market crashed, it caused all of the following except:
A. all sellers of real estate to profit when selling their house. B. lenders to stop lending. C. the U.S. economy to tip into the Great Recession. D. banks to go bust due people not paying their mortgages.