Suppose a Country Is Producing $20 Million of Real GDP

question 330

Multiple Choice

Suppose a country is producing $20 million of real GDP. If the economy grows at 10 percent per year, approximately how many years will to take for real GDP to grow to $80 million?

• A) 14
• B) 7
• C) 4
• D) 30

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Definitions:

One-Dimensional Array

A linear list of elements that are accessed with a single index, storing elements of the same data type.

Array Component

A single element or value stored within an array.

Subscript Value

A subscript value is the index number used to identify a specific element within an array or collection in programming.