At an Average Growth Rate of 4%, Approximately How Long

question 183

Multiple Choice

At an average growth rate of 4%, approximately how long would it take for an economy to double its GDP?

• A) 17.5 years
• B) 25 years
• C) 50 years
• D) 70 years

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Definitions:

Imagination Inflation

A phenomenon where imagining an event which never happened can increase confidence that it actually occurred.

False Memories

A psychological phenomenon where a person recalls something that did not happen or remembers it differently from how it actually occurred.

Hot-Air Balloon

A lighter-than-air aircraft consisting of a bag, known as an envelope, which contains heated air, and a gondola or basket for carrying passengers.

Digitally Altered

Images or sounds that have been modified using digital technology.