If Population Increases at an Average Rate of 2% Per

question 2

Multiple Choice

If population increases at an average rate of 2% per year and output increases at an average rate of 5% per year, then output per capita will double in

• A) 14.4 years.
• B) 18 years.
• C) 24 years.
• D) 36 years.

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Definitions:

Tax Return

A form or forms filed with a government body that reports income, expenses, and other pertinent tax information.

Act of Omission

A legal concept describing a failure to act when there is a duty to do so, which can result in liability.

Mens Rea

A legal principle that refers to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.

Actus Reus

A term from Latin meaning "guilty act," referring to the physical act of committing a crime, as opposed to the mental intent.