According to the Rule of 72 (Table 15.1), how many years will it take for GDP to

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According to the Rule of 72 (Table 15.1), how many years will it take for GDP to double if GDP growth is
1. 4 percent?
2. 2 percent?
3. 1 percent?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:55 PM

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According to the Rule of 72 (Table 15.1), how many years will it take for GDP to

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1 18 years 2 36 years 3 72 years Explanation Small differences in annual growth rates cumulate into ...View the full answer

Essentials of Economics

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