If Real GDP Per Capita Grows at 5% Per Year

question 182

Multiple Choice

If real GDP per capita grows at 5% per year consistently over time, how many years will it take for it to double?

• A) 5
• B) 10
• C) 14
• D) 70

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Definitions:

Organizational

Pertaining to the structure and function of an organization or the process of organizing.

Human Capital

The combined abilities, expertise, or non-material assets possessed by people, which can generate economic benefits for the person, their place of work, or their community.

Organizational Trends

Patterns or movements observed within the realm of organizations, affecting structure, culture, technology, or management practices over time.

Non-Profit Organizations

Organizations established for purposes other than making a profit, focusing on social, educational, or humanitarian objectives.