If Output Is Growing at 5% Annually, How Many Years

question 233

Multiple Choice

If output is growing at 5% annually, how many years will it take for output to quadruple?

• A) 14 years
• B) 10 years
• C) 20 years
• D) 28 years

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Definitions:

Dichotomous Variable

A variable that has only two possible categories or states, often represented as 0 or 1 in quantitative research.

Continuous Variable

A type of variable that can take on an infinite number of values within a range, often used in statistical analysis to measure things like time, temperature, or height.

Distress

Extreme anxiety, sorrow, or pain that can affect mental and physical health.

Hill's ABC-X Model

A framework for understanding and analyzing how families respond to stress and crises, focusing on the interaction of stressors, resources, perceptions, and coping mechanisms.