Solve the Problem. -A Country Has a Population Growth Rate of 2.4% Compounded

question 100

Multiple Choice

Solve the problem.
-A country has a population growth rate of 2.4% compounded continuously. At this rate, how long will it take for the population of the country to double? Round your answer to the nearest tenth.

• A) .29 years
• B) 30 years
• C) 2.9 years
• D) 28.9 years

---

Definitions:

Keynesians

Economists and theories following the principles of John Maynard Keynes, emphasizing the role of government intervention to moderate economic cycles.

Conservative Economists

Economists who generally favor policies that aim to promote free markets, low taxation, and minimal government intervention in the economy.

Home Equity Loans

Loans secured by the borrower's home, allowing homeowners to borrow against the equity of their property.

Unemployment Benefits

Government payments to individuals who are unemployed and actively seeking work, intended to support them financially.