​If GDP Is Expected to Increase at a Steady Rate

question 73

Multiple Choice

​If GDP is expected to increase at a steady rate of 3% per year,how many years would it take for living standards to double?

• A)​10
• B)20
• C)24
• D)​30

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Definitions:

Strict-Liability

A legal doctrine holding a party responsible for damages or harm caused by their actions or products, without the need to prove negligence or fault.

Classifications Of Torts

Divisions within tort law that categorize the various types of wrongful acts for which a civil lawsuit can be filed, such as intentional torts, negligence, and strict liability torts.

Defense To Battery

Legal justifications or arguments available to a defendant accused of battery, aiming to refute liability or diminish consequences.

Intentional Torts

A category of torts that describes civil wrongs resulting from intentional actions by the perpetrator against a victim.