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For example, with an annual growth rate of 4.8% the doubling time is 14.78 years, and a doubling time of 10 years corresponds to a growth rate between 7% and 7.5% (actually about 7.18%). When applied to the constant growth in consumption of a resource, the total amount consumed in one doubling period equals the total amount consumed in all ...
Jaromir Benes and Michael Kumhof of the IMF Research Department, argue that: the "deposit multiplier" of the undergraduate economics textbook, where monetary aggregates are created at the initiative of the central bank, through an initial injection of high-powered money into the banking system that gets multiplied through bank lending, turns ...
AD 69 – In the Second Battle of Bedriacum, troops loyal to Vespasian defeat those of Emperor Vitellius. [1]1260 – Chartres Cathedral is dedicated in the presence of King Louis IX of France.
Based on this, the UN projected that the world population, 8 billion as of 2023, would peak around the year 2086 at about 10.4 billion, and then start a slow decline, assuming a continuing decrease in the global average fertility rate from 2.5 births per woman during the 2015–2020 period to 1.8 by the year 2100 (the medium-variant projection).