According to the Rule of 70, If Real GDP Per

question 50

Multiple Choice

According to the rule of 70, if real GDP per capita is growing at 2% a year, in 100 years it will have increased by:

• A) about 4 times.
• B) about 7 times.
• C) almost 30 times.
• D) almost 60 times.

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Definitions:

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The process of combining data from different sources to provide a comprehensive understanding.

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The shared beliefs, values, norms, and practices that characterize a group of people or an organization.

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The process by which individuals interpret and understand sensory information, shaping their view of the world.

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The process of forming an opinion or evaluation by discerning and comparing.