Suppose a Country Is Producing $20 Million of Real GDP

question 411

Multiple Choice

Suppose a country is producing $20 million of real GDP. If the economy grows at 10 percent per year, approximately how many years will to take for real GDP to grow to $80 million?

• A) 14
• B) 30
• C) 4
• D) 7

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Definitions:

Bureaucratized System

A formally organized system governed by rules and hierarchy, characterizing a complex structure of offices and officials.

Prison Riots

Violent disturbances and uprisings by inmates within a prison, often in protest against conditions or treatment.

Supermax Prisons

Highly secure and restrictive prisons designed to isolate and manage the most dangerous inmates who pose a severe threat to safety and security.

Maximum Security

Refers to the highest level of security in prisons, where the most dangerous inmates are closely monitored.