Business, 23.07.2020 01:01 masonsee4ytube
Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 2%; scenario B has an average annual growth of 4%.
The nation's real GDP would double in about:
a. 25 years under scenario A, versus 12.5 years under scenario B.
b. 36 years under scenario A, versus 18 years under scenario B.
c. 36 years under scenario A, versus 9 years under scenario B.
d. 18 years under scenario A, versus 9 years under scenario B.
Answers: 1
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Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average...
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