Assume that, during the next ten years, real GDP per capita in China grows at an average long-run growth rate of 8%. At that rate, how long will it take for real GDP per capita to double? (hint: to figure apply the Rule of 72 which we discussed in class) A) 35 years O B) 10 years
Assume that, during the next ten years, real GDP per capita in China grows at an average long-run growth rate of 8%. At that rate, how long will it take for real GDP per capita to double? (hint: to figure apply the Rule of 72 which we discussed in class) A) 35 years O B) 10 years
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Assume that, during the next ten years, real GDP per capita in China grows at an
average long-run growth rate of 8%. At that rate, how long will it take for real GDP
per capita to double? (hint: to figure apply the Rule of 72 which we discussed in
class)
A) 35 years
B) 10 years
C) 50 years
D) 9 years
L.
The total amount of money that the Federal government owes from previously sold
Treasury bonds that have not yet been repaid is referred to as the
A) trade deficit
B) outstanding public debt
C) current budget deficit
O D) current budget surplus
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