Suppose That a Panel of Economists Predicts That a Nation's

question 60

Multiple Choice

Suppose that a panel of economists predicts that a nation's real GDP per capita will double in approximately 20 years. According to the rule of 70, what must be the predicted annual growth rate of real GDP per capita?

• A) 140%
• B) 3.5%
• C) 2.85%
• D) 14%

---

Definitions:

Gamification

The application of game-design elements and principles in non-game contexts to engage and motivate people to achieve their goals.

Mastery

A high level of skill or knowledge in a particular subject or activity.

Frequency Marketing

A marketing strategy designed to reward customer loyalty by providing benefits or rewards based on the frequency of purchase or engagement.

Behavioural Learning Theory

A theory that explains learning in terms of observable behaviors, emphasizing the effects of external stimuli on one's actions.