If the Real GDP of a Developed Country Doubles in 48

question 56

Multiple Choice

If the real GDP of a developed country doubles in 48 years, the average annual growth rate in real GDP must be _____.

• A)1.5 %
• B)3.5 %
• C)0.67 %
• D)0.012 %
• E)24 %

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Definitions:

Deed

A legal document that represents the ownership of real estate or property, which is transferred from one party to another.

Accession

The process or act of acquiring an increase, typically referring to the acquisition of new territory, property, or rights.

Personal Property

Property that is not attached to real estate and includes movable objects like furniture, cars, and jewelry.

Air-Conditioning System

A mechanism designed for controlling the temperature, humidity, and purity of air in an enclosed space.