_____ shows roughly how long it will take a nation to double its output at various growth rates. A. The GDP deflator B. The rules of the game C. The production possibilities curve D. A per-worker production function E. The Rule of 70

_____ shows roughly how long it will take a nation to double its output at various growth rates. A. The GDP deflator B. The rules of the game C. The production possibilities curve D. A per-worker production function E. The Rule of 70

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

_____ shows roughly how long it will take a nation to double its output at various growth rates.

A. The GDP deflator

B. The rules of the game

C. The production possibilities curve

D. A per-worker production function

E. The Rule of 70

Definition Definition Curve that represents the various combinations of production possibilities of two commodities when resources or factors of production are given.

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