Assume That GDP Growth in a Particular Country Is 4

question 63

Multiple Choice

Assume that GDP growth in a particular country is 4 percent per year.How many years it will take for GDP to double?

• A) 80.0 years.
• B) 17.5 years.
• C) 10.0 years.
• D) 20.0 years.
• E) 20.5 years.

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Definitions:

Retained Earnings Restriction

Limitations or requirements placed on the portion of earnings not distributed as dividends but kept by the company for reinvestment.

Share Capital

The total value of a company's shares of stock that have been authorized, issued, and purchased by investors.

Financial Statements

Formal records that outline the financial activities and conditions of a business, entity, or individual, including the balance sheet, income statement, and cash flow statement.

Retained Earnings

Funds that are not distributed as dividends but are reserved by the company to reinvest in its business, pay off debt, or save for future use.