Answered: A country will roughly double its GDP…

A country will roughly double its GDP in twenty years if its annual growth rate is: Group of answer choices 2.5 percent. 12 percent. 7.5 percent. 3.5 percent

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

A country will roughly double its GDP in twenty years if its annual growth rate is:

Group of answer choices

2.5 percent.

12 percent.

7.5 percent.

3.5 percent.

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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