The Rule of 72 Small differences in annual growth rates cumulate into large differences in GDP....
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The Rule of 72 Small differences in annual growth rates cumulate into large differences in GDP. Shown here are the number of years it would take to double GDP at various growth rates. Doubling times can be approximated by the rule of 72. Seventy-two divided by the growth rate equals the number of years it takes to double. Instructions: According to the rule of 72, how many years will it take for GDP to double if GDP growth is Round your response to one decimal place. years a. 5 percent? b. 3 percent? Growth Rate (Percent) 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 c. 1 percent? Doubling Time (Years) Never 144.0 72.0 48.0 36.0 28.8 24.0 20.6 18.0 16.0 14.4 13.1 12.0 11.1 10.3 9.6 9.0 years years The Rule of 72 Small differences in annual growth rates cumulate into large differences in GDP. Shown here are the number of years it would take to double GDP at various growth rates. Doubling times can be approximated by the rule of 72. Seventy-two divided by the growth rate equals the number of years it takes to double. Instructions: According to the rule of 72, how many years will it take for GDP to double if GDP growth is Round your response to one decimal place. years a. 5 percent? b. 3 percent? Growth Rate (Percent) 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 c. 1 percent? Doubling Time (Years) Never 144.0 72.0 48.0 36.0 28.8 24.0 20.6 18.0 16.0 14.4 13.1 12.0 11.1 10.3 9.6 9.0 years years
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