If a country's GDP is growing at 5% a year, how many years does it take for the country's GDP to double? O 13.8 O 14.2 O 15.2 O 18.2

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 32P: An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it...
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Question 1
If a country's GDP is growing at 5% a year, how many years does it take for the country's GDP to double?
13.8
O 14.2
O 15.2
O 18.2
Transcribed Image Text:Question 1 If a country's GDP is growing at 5% a year, how many years does it take for the country's GDP to double? 13.8 O 14.2 O 15.2 O 18.2
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