If Real GDP Per Person Is Growing at 4 Percent

question 69

Multiple Choice

If real GDP per person is growing at 4 percent per year, it will double in

• A)8 years.
• B)25 years.
• C)17.5 years.
• D)4 years.
• E)56 years.

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Definitions:

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and the laws governing the conversion of heat into work.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, and chemical energy.

Parts Per Trillion

A unit of measurement used to denote extremely small concentrations of a substance in another, equivalent to one part in 10^12 parts.

Nuclear Change

Alterations at the atomic nucleus level, including nuclear reactions such as fission, fusion, and radioactive decay, releasing significant amounts of energy.