Suppose That a Panel of Economists Predicts That a Nation's

question 164

Multiple Choice

Suppose that a panel of economists predicts that a nation's real GDP per capita will have an average annual growth rate of 2%. According to the rule of 70, how many years will it take for this nation's real GDP per capita to double?

• A) 35
• B) 70
• C) 140
• D) 20

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Definitions:

Climate Change

The systematic increase in worldwide surface temperatures and the resulting ecological change.

Severe Storms

Extreme weather phenomena that can cause significant damage and hazard, including hurricanes, tornadoes, thunderstorms, and hailstorms.

Covert Participant Observation

The form of participant observation wherein the observed individuals are not told that they are being studied.

Hawthorne Effect

The change in how subjects act because they know they're being watched.