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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #350010
Introduction to Economics 2 Deneme Sınavı Sorusu #350010
Which of the followings should we use to calculate how much it takes for GDP to double itself?
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Rule of 70
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Parameter A
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Economic growth rates of per capita
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Marginal product of labor |
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Annual per capita growth rate |
Yanıt Açıklaması:
The rule of 70 allows us to easily calculate how much it takes for a variable to double itself. If a variable grows at a pace of x per cent per year, then it will take approximately years for that variable to double in value.
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