If real GDP grows at 7 percent per year, then real GDP will double in approximately ________
Question:
If real GDP grows at 7 percent per year, then real GDP will double in approximately ________ years.
a. 70
b. 14
c. 10
d. 7
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The answer is a 70 This question can be solved using the Rule of 70 This rule ...View the full answer
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Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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