According to the Rule of 70, If a Country Grows

question 46

Multiple Choice

According to the rule of 70, if a country grows at an average rate of 2 percent per year, what would happen after 35 years?

• A) The country's real GDP per capita would double.
• B) The country's nominal GDP would double.
• C) The country's real GDP would double.
• D) The country's nominal GDP per capita would double.

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Definitions:

Turnover

The rate at which employees leave a workforce and are replaced by new personnel.

Self-determination

Self-determination is the process by which individuals control their own life, make their own decisions, and pursue their own goals independently.

Initiate Work

The act of starting or setting in motion tasks or activities that contribute to achieving objectives.

Job Rotation

A workplace strategy where employees rotate between different jobs or tasks to learn new skills and gain exposure to different aspects of an organization.