Question: Based on data in Table 9-1 and the rule of 70, if U.S. per capita real GDP continues to grow at the average rate

Based on data in Table 9-1 and the rule of 70, if

U.S. per capita real GDP continues to grow at the average rate

Based on data in Table 9-1 and the rule of 70, if U.S. per capita real GDP continues to grow at the average rate it has experienced since 1990, about how many years will be required for it to double? TABLE 9-1 Per Capita Real GDP Growth Rates in Various Countries Average Annual Rate of Growth of Real GDP Per Capita, 1990-2017 (%) Country 0.8 Japan France 0.9 Germany 1.4 Canada 1.4 Sweden 1.5 United States 1.5 Turkey Chile 2.3 3.7 Malaysia 3.8 Indonesia 4,4 India 4.5 China 8.1 Sources: Penn World Tables and International Monetary Fund estimates.

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