If Output Is Growing at 5% Annually, How Many Years

question 233

Multiple Choice

If output is growing at 5% annually, how many years will it take for output to quadruple?

• A) 14 years
• B) 10 years
• C) 20 years
• D) 28 years

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Definitions:

Domestic Labour

Work performed within the home, such as cleaning, cooking, and childcare, traditionally without economic compensation.

Extended Family

An extended family includes not just parents and their children but also other relatives such as grandparents, aunts, uncles, and cousins living together or maintaining close relationships.

Nuclear Family

A family unit consisting of two parents and their children living in one household, considered the traditional family structure.

Polymorphous Family

A family structure that does not conform to traditional norms, encompassing a variety of forms and relationships.