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A One Percentage Point in the Growth Rate

Question 30

Multiple Choice

A one percentage point in the growth rate


A) does not make much difference in the long run per capita real GDP.
B) will not influence the real standard of living in a country.
C) can make a big difference in the per capita real GDP because of urban congestion.
D) can make a big difference in the per capita real GDP because of compounding.

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