Suppose that real GDP per capita of country A doubles in 20 years. The annual population growth rate is 1% and the annual inflation rate is 2%. Based on this information to answerquestions 17 - 20.

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Question 17 2.5 pts Using the rule of 70, Calculate the annual economic growth rate of country A Answer: The annual economic growth rate = ___ ______ 96 Question 18 2 pts Calculate the annual growth rate of nominal GDP of country A. Answer: The annual growth rate of nominal GDP = _________ '36 Question 19 2 pts CountryA wants to increase population growth rate. This policy is related to which factor of economic growth? [Select 1 natural resources physical capital human capital technology institutions Question 20 0 pts {This question is worth 5 bonus points.) [3) Suppose the government of country A develops new infrastructure. Yet country A does not experience economic growth. Explain why. (Don't just simply say that a country needs other factors such as technology and institutions to achieve economic growth.) {bl The government of country A wants to enforce law and order to achieve economic growth. Explain why enforcing law and order can promote economic growth. Edit View Insert Format Tools Table 12ptv Paragraphv I B I U iv iv 1. <