All Else Constant, If Real GDP Doubles in 12 Years

question 96

Multiple Choice

All else constant, if real GDP doubles in 12 years, its average annual growth rate is

• A) approximately 6% .
• B) approximately 5%.
• C) approximately 4%.
• D) approximately 3%.

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Definitions:

Unrestricted Funding

Financial contributions given to organizations without specific conditions, allowing the recipient to use the funds according to their most pressing needs.

Public Affairs Officers

Professionals who communicate and manage information between an organization and the public, particularly in government or military contexts.

Military Bases

Facilities directly owned and operated by or for the military or one of its branches that shelters military equipment and personnel and facilitates training and operations.

Base Closures

The process of shutting down military installations as part of realignment or budgetary decisions.