Question: Using the Rule of 72, explain how small changes in growth rates can have a large effect on a country's GDP over time.

Using the Rule of 72, explain how small changes in growth rates can have a large effect on a country's GDP over time.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The Rule of 72 is a simple formula used in finance that helps to estimate the number of years requir... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!