The Rule of 70,as Applied to Real GDP Growth,can Be

question 197

Multiple Choice

The Rule of 70,as applied to real GDP growth,can be used to find the

• A)real GDP growth rate necessary to double growth.
• B)number of years it takes for the level of real GDP to double.
• C)growth rate of real GDP.
• D)number of years it takes for the growth rate of real GDP to double.
• E)population growth rate necessary to double the GDP growth rate.

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Definitions:

Sensorimotor

A stage in Jean Piaget's theory of cognitive development where infants from birth to about 2 years old understand the world through sensory experiences and their motor actions.

Concrete Operational

A stage in Piaget's theory of cognitive development, where children aged 7-12 start to think logically about concrete events and understand the concept of conservation.

Sensorimotor

Pertaining to the developmental stage in infants where they learn to perceive and interact with the world through their senses and motor actions.

Acute Medical Condition

A sudden onset of a disease or disorder that requires immediate care, typically characterized by severe and abrupt symptoms.