Find expert answers and community insights on IDNLearn.com. Get the information you need quickly and accurately with our reliable and thorough Q&A platform.
The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year.
1. Suppose the growth rate of the economy is 2%. The size of the economy roughly doubles every 10 years.
a) 50 years or more.
b) 20 years.
c) 35 years.
d) 5 years.
2. If instead the growth rate is 7%, the doubling time for the economy is 50 years or more.
a) 35 years.
b) 10 years.
c) 20 years.
d) 5 years.
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.
