If Real Income Grows at Approximately 2% Per Year,the Number

question 82

Multiple Choice

If real income grows at approximately 2% per year,the number of years it will take for real income to double is approximately

• A)5.
• B)12.
• C)24.
• D)36.
• E)72.

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Definitions:

Index Funds

Index funds are a type of mutual fund or ETF with a portfolio constructed to match or track the components of a financial market index, such as the S&P 500.

PHStat

A software add-in for Microsoft Excel that enhances the statistical functions of Excel, commonly used for statistical analysis and education.

Coefficient Of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, expressed as a ratio of the standard deviation to the mean.

Index Funds

A type of mutual fund or exchange-traded fund designed to follow or track the components of a market index, such as the S&P 500.