Answered: If real GDP grows at an average rate of…

If real GDP grows at an average rate of 3% per year, it will double in approximately____years. A. less than 10 B. 20 C. 23 D. 36

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter25: Production And Growth

Section: Chapter Questions

Problem 1CQQ

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If real GDP grows at an average rate of 3% per year, it will double in approximately____years.

A. less than 10

B. 20

C. 23

D. 36

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