According to the Rule of 70, a Country Will Double

question 125

Multiple Choice

According to the rule of 70, a country will double its real GDP per capita in 10 years if it experiences a 7 percent:

• A) real GDP per capita growth rate.
• B) inflation rate.
• C) population growth rate.
• D) None of these are true.

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Definitions:

Risk Of Loss

The liability for the potential loss or damage to goods during transportation or storage.

Garage Sale

A casual event typically held at a person's home where used goods such as household items are sold.

Pickup Truck

A vehicle with an enclosed cab and an open cargo area with low sides and tailgate.

Insurable Interest

A requirement for purchasing insurance, indicating the policyholder has a stake in the continued existence of the insured item or person that is subject to potential financial loss.