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Calculate the following values with the aid of the rule.of 72. a. If the annual growth rate of real GDP is 0.5% then it will take | years.for a country's real GDP to double. b. If the general price level doubles each 35 years the average annual rate of inflation Is %. Enter your response rounded to 1 decima place. c. If the annual population growth rate is 4% then a country's population will double approximately years. Enter your response rounded to a whole number. (how many) times in 100

Calculate the following values with the aid of the rule.of 72. a. If the annual growth rate of real GDP is 0.5% then it will take | years.for a country's real GDP to double. b. If the general price level doubles each 35 years the average annual rate of inflation Is %. Enter your response rounded to 1 decima place. c. If the annual population growth rate is 4% then a country's population will double approximately years. Enter your response rounded to a whole number. (how many) times in 100

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q4)it's three subparts solve all.no skip any questions all three subparts plz

Calculate the following values with the aid of the rule.of 72 a. If the annual growth rate of real GDP is 0.5% then it will take Jyears.for a country's real GDP to double. b. If the general price level doubles each 35 years the average annual rate of inflation is %. Enter your response rounded to1 decimal piace. c. If the annual population growth rate is 4% then a country's population will double approximately how many) times in 100 years. Enter your response rounded to a whole number.
Transcribed Image Text:Calculate the following values with the aid of the rule.of 72 a. If the annual growth rate of real GDP is 0.5% then it will take Jyears.for a country's real GDP to double. b. If the general price level doubles each 35 years the average annual rate of inflation is %. Enter your response rounded to1 decimal piace. c. If the annual population growth rate is 4% then a country's population will double approximately how many) times in 100 years. Enter your response rounded to a whole number.
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