If GDP Is Currently $13 Trillion and Is Growing at a Rate

question 221

Multiple Choice

If GDP is currently $13 trillion and is growing at a rate of 2.3% per year,how long will it take GDP to reach $26 trillion?

• A)about 15 years
• B)about 17 years
• C)about 25 years
• D)about 30 years

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Definitions:

Common Law

Law that is derived from custom and judicial precedent rather than statutes, often contrasted with statutory law.

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F.O.B. (Free On Board) is a shipping term used in international trade to indicate that the seller is responsible for the goods until they are loaded on a vessel at the specified location, after which the buyer assumes risk.

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The legal termination of a contract's obligations by one or more of its parties.