If a Country's Annual Growth Rate Is 2%, Then Its

question 49

Multiple Choice

If a country's annual growth rate is 2%, then its output will double in approximately ____ years.

• A)​2
• B)​10
• C)​25
• D)​35

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Definitions:

Economies

Pertains to the comprehensive system of production, consumption, and allocation of resources in a society.

Rent Controls

Government-imposed limits on the amount landlords can charge for leasing residential property to ensure affordable housing.

Rental Housing

Properties available for rent where tenants pay a fixed or negotiable fee to live in them for a specified period.

Equilibrium

A state in which market supply and demand are balanced, resulting in stable prices.