Please show me the reason. If the US GDP doubles every 10 years, then the growth...

Question

Question

If the US GDP doubles every 10 years, then the growth rate of the US GDP is: a) 0.07 b) 0.035 c) 0.2 d) 0.025

Please show me the reason.

business economics

Answer 1

Answer #1

Answer - Option C

0.2

This is because , if GDP becomes 2 times in every 10 year , every year (rate) will be 2/10 which will be 0.2.

Answer 2

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