Real GDP in Sub-Saharan Africa has recently risen at a rate of about 5% per year. If its growth continues at this rate, how many years would it take for Sub-Saharan Africa's real GDP to double? O 14 years. O 3.5 years. O 5 years. O 20 years.

Real GDP in Sub-Saharan Africa has recently risen at a rate of about 5% per year. If its growth continues at this rate, how many years would it take for Sub-Saharan Africa's real GDP to double? O 14 years. O 3.5 years. O 5 years. O 20 years.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 12SCQ: Why dues productivity growth in high-income economies not slow down as it runs into diminishing...

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Question

Real GDP in Sub-Saharan Africa has recently risen at a rate of about 5% per year. If its growth
continues at this rate, how many years would it take for Sub-Saharan Africa's real GDP to double?
O 14 years.
O 3.5 years.
O 5 years.
O 20 years.

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