Exponential growth implies that: Relatively small differences in growth rates translate into substantial differences in the level of a quantity after many years of growth. Growth rates can only be positive. Growth rates will alternate between positive and negative values in every consecutive period. Relatively large differences in growth rates will translate into small differences in the level of a quantity after many years of growth

Exponential growth implies that: Relatively small differences in growth rates translate into substantial differences in the level of a quantity after many years of growth. Growth rates can only be positive. Growth rates will alternate between positive and negative values in every consecutive period. Relatively large differences in growth rates will translate into small differences in the level of a quantity after many years of growth

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section: Chapter Questions

Problem 3QP

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Exponential growth implies that ________. growth rates can only be positive growth rates will alternate between positive and negative values in every consecutive time period relatively large differences in growth rates will translate into small differences in the level of a quantity after many years of growing relatively small differences in growth rates will translate into large differences in the level of a quantity after many years of growing
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