What Annual Growth Rate Will Result in a Country Roughly

question 75

Multiple Choice

What annual growth rate will result in a country roughly doubling its GDP in ten years?

• A)5 percent
• B)7 percent
• C)10 percent
• D)12 percent

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Definitions:

Before-Tax Household Income

The total income earned by a household before any taxes are deducted.

Greater Inequality

Refers to an increase in the unequal distribution of resources, wealth, or opportunities within a society or between different societies.

Income Distribution

The way in which a nation’s total earnings are spread among its population, affecting economic inequality.

Total Income

The aggregate amount of money earned or received by an individual or entity from all sources before any deductions.