Which of the following might explain country C's relatively high growth rate in real GDP in 2004?
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(Country C was at 8.5% growth rate in real GDP) A. An increase in the number of students attending universities in the 1990s B. A higher mortality rate C. A decrease in productivity growth D. A slight increase in real interest rate Based on country H's growth rate in real GDP in 2004, if the economy continues to grow at a similar rate, approximately how long will it take for its real GDP to double? (at 5.0% real GDP in 2004) A. 20 years B. 28 years C. 10 years D. 14 years
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Answer:
There is law of 72 in investments....so, for 5% growth p.a. , it will double in 14 years. nothing in the list expalins the 8.5% growth.
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