If Real GDP Grows at a Constant Rate of 2

question 75

Multiple Choice

If real GDP grows at a constant rate of 2 percent per year,using the "rule of 72" it will take approximately ___ years for real GDP to double.

• A) 10
• B) 15
• C) 20
• D) 36

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Definitions:

Cardiac Tissue

Specialized muscle tissue found only in the heart, responsible for contracting and pumping blood throughout the body.

Cartilage

A flexible, connective tissue found in various parts of the body, including the joints, ear, and nose.

Squamous Epithelium

A type of epithelial tissue consisting of flat, scale-like cells arranged in layers, found lining surfaces such as the skin.

Elastic

A material or property that allows an object to resume its normal shape spontaneously after being stretched or compressed.