We Can Estimate That If a Country Grows at 7

question 118

Multiple Choice

We can estimate that if a country grows at 7 percent per year, it will double its real GDP per capita in:

• A) 2 years.
• B) 20 years.
• C) 35 years.
• D) 10 years.

---

Definitions:

Cost of Inventory Sold

The total cost of goods sold during a specific period, including the cost of acquiring or manufacturing the goods.

Sales

The transactions involved in selling goods or services to customers, generating revenue for a business.

FOB Destination

A shipping term indicating that the seller bears all costs and risks until the goods are delivered to the buyer's specified location.

Freight Cost

The charge incurred for transporting goods via air, land, or sea.