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Author Question: Growth Rates and Their EffectsIf the growth rate of real GDP falls from 7.5% per year to 3.0% per ... (Read 57 times)

blkth103

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on: Nov 23, 2022

Question 1

Growth Rates and Their Effects

If the growth rate of real GDP rises from 2.5% per year to 6.0% per year, then the number of years required for real GDP to double will decrease by ________ years. (Round to the nearest tenth when appropriate.)
◦ 6.0
◦ 16.3
◦ 2.5
◦ 3.5

Question 2

Growth Rates and Their Effects

If the growth rate of real GDP falls from 7.5% per year to 3.0% per year, then the number of years required for real GDP to double will increase by ________ years. (Round to the nearest tenth when appropriate.)
◦ 4.5
◦ 14.0
◦ 3.0
◦ 7.5
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by blkth103 on Nov 23, 2022

khammond77

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Reply #1 on: Nov 23, 2022
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blkth103

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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