Exam a3 Macro Economics CORE 153 E Prof. Wolfe, King\'s College Please pick the

Question

Exam a3 Macro Economics CORE 153 E Prof. Wolfe, King's College Please pick the best answer and circle that answer with a circle. 25 Questions 45 Minutes- Class Resumes at 6:45 PM 1. According to the variable that grows gradually over time to double is approximately divided by that variables annual growth rate. the time it takes a A. Rule of Three, 3 B. Rule of Four, 4 C. Rule of Eight, 8 D. Rule of Seventy, 70 consists of human-made re sources such as buildings and 2. machines A. Human Capital B. Investment Vehicles C. Technological Capital D. Physical Capital

Explanation / Answer

1. D) Rule of seventy; 70

Number of years for variable to double = 70/Annual growth rate of variable.

2. D) Physical capital

It consists of human-made resources like building, machines, etc.

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