If a Nation's Real GDP Is Growing by 5 Percent

question 154

Multiple Choice

If a nation's real GDP is growing by 5 percent per year, its real GDP will double in approximately

• A) 22 years.
• B) 20 years.
• C) 14 years.
• D) 8 years.

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Definitions:

Serial Entrepreneurship

The practice of starting multiple businesses over time, often after the initial ventures have been established, sold, or ceased operation.

Virgin Group

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A strategic approach focused on envisioning and shaping potential future developments and opportunities for an entity or sector.