Using the Rule of 72,determine How Long It Would Take

question 129

Multiple Choice

Using the rule of 72,determine how long it would take for real GDP to double if it grew at a constant growth rate of 4 percent.

• A)4 years.
• B)18 years.
• C)72 years.
• D)144 years.

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Definitions:

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Contingent Reinforcement

A method of reinforcing behavior only after the behavior is exhibited, used in behavior modification programs.

Reinforcer

is a stimulus, which, when following a behavior, increases the likelihood of that behavior being repeated.

Desired Behavior

Specific actions or responses that are sought after or encouraged in a particular context or situation.