If the population growth rate is 2 percent, real GDP per person will double in 7 years

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If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per year.

A. 7

B. 10

C. 12

D. 14

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 06:21 AM

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If the population growth rate is 2 percent, real GDP per person will double in 7 years

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Answer C For real GDP per person to do...View the full answer

Foundations of Macroeconomics

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