HW$24$: Homework $-$ Ch$.24$: Long$-$Run Economic Growth

Question $1$ of $12-$ HW$24$: Homework $-$ Ch$.24$: Long$-$Run Economic Growth

$+0$ pts

Resources

Hint

Question $1$ of $12$

Suppose the growth rate of an economy is $2\%.$ The size of the economy roughly doubles every

If instead, the growth rate is $7\%,$ the doubling time for the economy is

Economic growth is important to understand because