According to the rule of 70,
a. if a country is growing at 14% per year, its output will double in approximately 5 years.
b. if a country is growing at 10% per year, its output will double in approximately 7 years.
c. if a country is growing at 2% per year, its output will double in approximately 35 years.
d. all of the above are true.
d
Economics
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Referring to the table above, if consumption in period one is zero, then consumption in period two cannot be greater than ________
A) $72,800 B) $70,400 C) $71,200 D) $70,800
Economics
If Ann's utility function is U = W0.5, and she invests in a business which can yield $6,400 with probability 1/5, and $3600 with probability 4/5, then her risk premium to avoid bearing this risk is
A) $36. B) $41.6. C) $64. D) $100.
Economics