MACROECONOMICS W/CONNECT
18th Edition
ISBN: 9781307253092
Author: McConnell
Publisher: Mcgraw-Hill/Create
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Chapter 22, Problem 6RQ
To determine
The policies that improves the growth prospects of DVCs.
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Last year real GDP in the imaginary nation of Oceania was 561.0 billion and the population was 2.2
million. The year before, real GDP was 500.0 billion and the population was 2.0 million. What was
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O 12%
O 10%
O 4%
2%
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economic growth? LO8.4
QUESTION 11
Using the Rule of 70, a country will roughly double its GDP in thirty-five years if its annual growth rate is
However, if its annual growth rate is 5%, its GDP will roughly double in
O 2 percent; 14 years
O 7.5 percent; 10 years
O 3.5 percent; 5 years
O 2.5 percent; 25 years
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