Suppose a Country Is Producing $20 Million of Real GDP

question 330

Multiple Choice

Suppose a country is producing $20 million of real GDP. If the economy grows at 10 percent per year, approximately how many years will to take for real GDP to grow to $80 million?

• A) 14
• B) 7
• C) 4
• D) 30

---

Definitions:

Antique Cars

Vintage or classic automobiles that are valued for their historical significance, rarity, and collector interest, typically defined as being at least 25 years old.

Clay

A natural, earthy material consisting of fine minerals with a grain size of less than 2 micrometers in soil, known for plasticity when wet and used in pottery, bricks, and sculpture.

Recall

The cognitive process of retrieving information from memory without the aid of cues.

Cognitive Impairment

A reduction in cognitive function compared to a person's previous level of performance, potentially affecting memory, decision-making, and attention.