If the Average Annual Growth Rate of a Developing Country

question 61

Multiple Choice

If the average annual growth rate of a developing country is 7.2 percent, real GDP will double in _____.

• A)2 years
• B)7.2 years
• C)14.4 years
• D)10 years
• E)15 years

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Definitions:

Repetitive Process

A product-oriented production process that uses modules.

Assembly Line

A production process that breaks down the manufacture of a good into steps that are completed in a pre-defined sequence, enhancing efficiency through specialization and mechanization.

Automated Storage

Systems designed to automatically store and retrieve items, improving efficiency and reducing manual labor in warehouses.