The Real GDP of Country X Doubled in 20 Years

question 4

Multiple Choice

The Real GDP of country X doubled in 20 years.It follows that the annual growth rate in country X during this time period was

• A) 4.0 percent.
• B) 5.0 percent.
• C) 2.8 percent.
• D) 3.5 percent.

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Definitions:

Capitalism

A system of economy where the means for producing goods and services are privately owned, with the goal of generating profit.

Planet

A celestial body orbiting a star, massive enough to be rounded by its own gravity but not enough to cause thermonuclear fusion.

China

A country in East Asia, known for being the most populous nation and having one of the world's largest economies.

Economy

A system through which the production, distribution, and consumption of goods and services are organized and managed in a particular area or country.