If GDP Per Capita Grows at a Constant Rate of 9

question 27

Multiple Choice

If GDP per capita grows at a constant rate of 9 percent per year,using the "rule of 72" it will take approximately ___ years for GDP per capita to double.

• A) 7
• B) 8
• C) 9
• D) 16

---

Definitions:

Stockholders' Equity

The residual interest in the assets of the entity after deducting liabilities, representing ownership equity spread among shareholders.

Donated Land

Land that has been given to an organization as a gift, usually recognized at its fair market value on the date of donation.

Deferred Compensation

A portion of an employee's compensation that is set aside to be paid out at a later date, often used as a retirement benefit.