For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your answers to one decimal place. Years for incomes to double a. 2.8 percent b. 4.6 percent c. 6.3 percent d. 7.8 percent e. 8.9 percent
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- A. How is economic growth measured? B. Why is economic growth important? C. If a country's economy grows at an average rate of 14 percent per year, how many years would it take to double?need the answer urgently please within 20 mins Q. Is economic growth good for the poor? Is growth enough for poverty reduction? Give examples from country Morocco.List the areas where government policy can help economic growth.
- What policies can the government of a free-market economy implement to stimulate economic growth?Why is investing in girls education beneficial for growth?What do the growth accounting studies conclude are the determinants of growth? Which is more important, the determinants or how they am combined?
- If X grows at a rate of 9% a year, and Y grows at a rate of 14 percent per year, what is the growth rate of X/Y? a. 23% b. -5% c. 5% d. (9/14) % A nation’s population is growing 5% per year, and its total GDP is growing 1% per year. What is the annual rate of growth of GDP per capita? Feel free to round to the nearest percentage point:.The Rule of 70 is used to Select one: A. calculate the standard of living. B. estimate how much of an economy's growth rate is attributable to increases in capital per hour of labour. C. estimate how much of an economy's growth rate is attributable to technological advance. D. estimate how long it will take the level of any variable to double. O E. calculate the economy's growth rate.12. The rule of 72 says that if something is growing by X% per period then it will double approximately every 72/X periods. The periods could be days, months, years, etc. In late February 2020 about 7,000 people outside of China had been infected with the COVID-19 virus and the number was increasing by 9% per day. If the growth rate stayed the same then how many times would be the number of infections double in the next 64 days? a. 8 times so about 56,000 people would be infected b. 1.125 times so about 15,000 people would be infected c. 1.125 times so about 8,000 people would be infected d. 8 times so about 1.8 million people would be infected
- unning a budget denent. Which of the following is not considered a factor contributing to economic growth? Select one: a. Growth in the national money supply. b. Government protection of property rights. c. Growth in physical capital inputs (machines, tools, buildings, and inventories)What are the 4 factors of economic growth?What is predicted by new growth theory? According to new growth theory, A. economic growth most often occurs in economies with large populations, such as what we see in China today B. technological advances are determined by chance O C. our unlimited wants will lead us to ever greater productivity and perpetual economic growth O D. prosperity will last but growth will not last because eventually technology stops advancing Click to select your answer. 品 esc F2 FA F5 F3 F1 # %24
