Use the Following to Answer Questions

question 195

Multiple Choice

Use the following to answer questions :
Scenario: Growth Rates in Two Countries
India is growing at a rate of 9% per year, and its real GDP per capita is about $3,500, while the United States is growing at a rate of 3% per year, and its real GDP per capita is about $47,000.
-(Scenario: Growth Rates in Two Countries) Look at the scenario Growth Rates in Two Countries. How long will it take the United States to double its real GDP per capita?

• A)10.5 years
• B)23.3 years
• C)30 years
• D)50 years

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Definitions:

New England Textile Mill

Factories located in the New England region of the United States, notably active during the 19th and early 20th centuries, important for the development of the Industrial revolution in America, primarily producing textiles.

Hartford Convention

A series of meetings from December 1814 to January 1815 in Hartford, Connecticut, where New England Federalists gathered to discuss their grievances concerning the War of 1812 and political problems arising from federal government's increasing power.

Federalist Meeting

A gathering or assembly of Federalists, members of a political party in the early United States that advocated for a strong federal government and supported the ratification of the U.S. Constitution.

British Policy Of Impressment

The practice by the British Navy of seizing American sailors and forcing them into military service, a contributing cause of the War of 1812.