A Country Will Roughly Double Its GDP in Five Years

question 119

Multiple Choice

A country will roughly double its GDP in five years if its annual growth rate is:

• A)5 percent.
• B)7 percent.
• C)12 percent.
• D)14 percent.
• E)20 percent.

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Definitions:

Additional Investment

Additional funds put into a business or project by its owners or investors to support operations, growth, or capital needs.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership stake of the shareholders.

Drawings

Withdrawals of cash or other assets from a business by the owner for personal use, affecting the equity of the business.

Total Revenues

The overall financial income stemming from the commercial sale of goods or services integral to a business's main operations.