Answer
b. 2, 35
Work Step by Step
The average income as measured by real GDP per person has grown by about 2% per year. This indicates that the average income must be doubling every 35 years.
Principles of Economics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516587X
ISBN 13:
978-1-28516-587-5
Chapter 25 - Part IX - Production and Growth - Quick Check Multiple Choice - Page 545: 1
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