If Changes in Economic Policy Could Cause the Growth Rate

question 25

Multiple Choice

If changes in economic policy could cause the growth rate of real GDP to increase by 1% per year for 100 years, then GDP would be ________% higher after 100 years than it would have been
Otherwise.

• A)3.8
• B)4.2
• C)1.3
• D)2.0
• E)2.7

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Definitions:

Maintenance Factors

are aspects or activities required to keep a system, equipment, or process operating smoothly and effectively.

Persistence of Behavior

The continuation of behavior or effort despite difficulties or resistance, showing determination and resilience.

Intrinsic Motivation

The drive to perform an action for its own sake and personal reward, rather than for some external reward or pressure.

Maintenance Factors

Elements that contribute to the upkeep and preservation of a system, equipment, or facility to ensure its optimal performance.