Author Question: Using the Rule of 70, if the country of Huttodom's current growth rate of real GDP per person was 10 ... (Read 104 times)

Evvie72 · **on:** Jun 29, 2018

Using the Rule of 70, if the country of Huttodom's current growth rate of real GDP per person was 10 percent a year, how long would it take the country's real GDP per person to double?

A) 0.7 years
B) 20 years
C) 7 years
D) 10 years

Question 2

Between September 2013 and September 2014 the number of economic part-time workers decreased from 7.9 million to 7.1 million. Assuming the change resulted from economic part-time workers transitioning to full-time jobs, this change created

A) no change to the U-3 unemployment rate.
B) a decrease to the U-3 unemployment rate.
C) an increase to the U-3 unemployment rate.
D) an increase in the employment-to-population ratio.