For the United States, with a current nominal GDP of about $28 trillion, the difference between a 8 percent and 12 percent rate of growth in the number of years it would take to double the economy is Multiple Choice about 28 years. about 3 years. about 5 years. just one year.

For the United States, with a current nominal GDP of about $28 trillion, the difference between a 8 percent and 12 percent rate of growth in the number of years it would take to double the economy is Multiple Choice about 28 years. about 3 years. about 5 years. just one year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

For the United States, with a current
nominal GDP of about $28 trillion,
the difference between a 8 percent
and 12 percent rate of growth in the
number of years it would take to
double the economy is Multiple
Choice about 28 years. about 3
years. about 5 years. just one year.

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