Suppose Real GDP Grows at 7 Percent Per Year and the Population

question 204

Essay

Suppose real GDP grows at 7 percent per year and the population grows at 2 percent per year.How many years will it take for real GDP and real GDP per person to double?

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Definitions:

Variable-ratio Schedule

A reinforcement schedule where a response is rewarded after an unpredictable number of responses, commonly used in behavior analysis.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any conditioning.

Immediate Reinforcer

A reward or consequence that follows directly after a behavior, enhancing the likelihood of that behavior recurring.

Negative Reinforcer

Any unpleasant stimulus that, when removed after a response, strengthens the response, making it more likely to occur in the future.