The rule of 70 estimates how long it will take a country to:
A. double its real GDP per capita.
B. achieve zero inflation.
C. reach its maximum production capacity.
D. double its output.
`A. double its real GDP per capita.
Economics
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In most cases, higher interest rates cause the velocity of M1 to
A) turn negative. B) move erratically. C) increase. D) decline.
Economics
The key variable in determining changes in a country's standard of living is the
A. unemployment rate. B. long-run rate of economic growth. C. inflation rate. D. interest rate.
Economics