[Answered] According to the Rule of 70, how many years will it take for real GDP per capita to double when the ...

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sc00by25

Hero Member
Posts: 596

on: Jun 29, 2018

According to the Rule of 70, how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5?

A) less than 1 year B) 5 years C) 14 years D) 35 years

Question 2

Which term refers to a legally established maximum price that firms may charge?

A) a tariff B) a price ceiling C) a price floor D) a subsidy

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Pariscourtney

Sr. Member
Posts: 352

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

B

sc00by25

Hero Member
Posts: 596

Reply #2 on: Jun 29, 2018

Thank you

Pariscourtney

Sr. Member
Posts: 352

Reply #3 on: Jun 29, 2018

Happy to help you

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