Social Studies, 09.03.2022 18:50, TashaKessler3355

The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year. 1. Suppose the growth rate of the economy is 2%. The size of the economy roughly doubles every 10 years.
a) 50 years or more.
b) 20 years.
c) 35 years.
d) 5 years.

2. If instead the growth rate is 7%, the doubling time for the economy is 50 years or more.
a) 35 years.
b) 10 years.
c) 20 years.
d) 5 years.

Answers: 2

Show answers

Other questions on the subject: Social Studies

Social Studies, 22.06.2019 01:30, 2020sanchezyiczela

Below is a description of a resource that you're considering using for a research paper. as you read the description, keep in mind what you've learned about historical thinking skills and use those skills in evaluating whether or not to use the source.

Answers: 1

continue

Social Studies, 22.06.2019 06:20, giannav57

John locke, an enlightenment-era philosopher, influenced the american movement for independence. locke believed that all people were entitled to natural rights. which quotation from the preamble to the declaration of independence refers to natural rights?

Answers: 1

continue

Social Studies, 22.06.2019 10:10, IsoSaysHi

Which of the following is not a common estate planning goal? a. maximizing transfer costs. b. minimizing transfer taxes. c. providing for liquidity at death. d. fulfilling client's healthcare decisions.

Answers: 1

continue

Social Studies, 23.06.2019 10:50, yentel110306

Bea was under a great deal of stress at work, and her health had started to suffer. her doctor treated her using where bea had sensors attached to various parts of her body and watched her vital signs on a computer screen until she learned to relax.

Answers: 2

continue

Do you know the correct answer?

The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, gre...