Approximately How Long Will It Take Ethiopia to Double Its

question 11

Multiple Choice

Approximately how long will it take Ethiopia to double its real GDP per person of $100 if its growth rate of real GDP per person is 0.9 per cent?

• A) 77.7 years
• B) 109 years
• C) 70 years
• D) 63 years
• E) 100 years

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Definitions:

Price Supports

Government interventions to maintain the market price of a commodity or product above its equilibrium level, often to protect producers' incomes.

American Exports

Items and services manufactured in the United States that are marketed to other countries.

Less-Developed Countries

Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index relative to other countries.

Soybeans Produced

The total quantity of soybeans grown and harvested, often measured in bushels or metric tons, important for both human consumption and animal feed.