A change in the growth rate of a country of one percentage point annua
A change in the growth rate of a country of one percentage point annually has
A) a large impact on the economy in the current year, but not in the future.
B) a large impact in the future due to compounding.
C) a small impact in the current year, and smaller impact in the future because of compounding.
D) very little impact on the economy of a country.
ANSWER
B
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