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12:55 AM Thu Feb 17 G OH + Principles of Macroeconomics Midterm 1 Makeup Fall 2017 Name: Part 1. (30 points) Answer all questions in

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12:55 AM Thu Feb 17 G OH + Principles of Macroeconomics Midterm 1 Makeup Fall 2017 Name: Part 1. (30 points) Answer all questions in this part. (1 pt) 1. Between 1990 and 2004 suppose the Econland's GDP grew at 5%. In 2005 the growth rate changed to 2% until the end of time. If in 1990 we could forsee this scheario perfectly how many years it takes for the Econland to have its GDP quadruple? (a) 14 ( b ) 2

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