If the Average Annual Growth Rate of a Country Increases

question 268

Multiple Choice

If the average annual growth rate of a country increases from 2% to 3%,how much faster will its GDP double?

• A) 10 years faster
• B) 11 2/3 years faster
• C) 17 years faster
• D) 25 years faster

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Definitions:

Merchandise Inventory

The total value of a company’s goods that are available for sale to customers, comprising both raw materials and finished products.

Trade Discounts

Discounts from the list prices in published catalogs or special discounts offered to certain classes of buyers.

List Prices

The pre-discount price at which goods and services are listed to be sold to customers.

FOB Destination

This term refers to a shipping agreement where the seller bears the shipping costs and remains responsible for the goods until they are delivered to the buyer's location.