If GDP grows at a rate of 3 per year, approximately how long will ...

[saliriagwu]

If GDP grows at a rate of 3 per year, approximately how long will it take for GDP to double in size?
 
  A) 12 years B) 21 years C) 23 years D) 35 years

Question 2

Under the Soviet system of communism
 
  A) managerial pay was determined by the extent to which managers could lower the per-unit costs of production.
  B) the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries.
  C) competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
  D) technological progress was slow because managers had little incentive to develop new technologies.

[tmlewis4706]

Answer to Question 1

C

Answer to Question 2

D