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If Real GDP Per Capita Grows at 5% Per Year

question 182

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If real GDP per capita grows at 5% per year consistently over time, how many years will it take for it to double?


Definitions:

Ionic Series

In chemistry, a series that ranks ions based on their ability to displace other ions in reactions, often related to their reactivity or electrode potentials.

Metals

Elements that are good conductors of electricity and heat, characterized by their malleable, ductile, and shiny properties.

Load Test

A test for determining the condition of charge for a battery.

Lead-Acid Battery

A type of rechargeable battery that uses lead dioxide and sponge lead, with an electrolyte of sulfuric acid, commonly used in vehicles and backup power systems.

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