2 A nation's average annual real GDP growth rate is 7.6 percent. Based on the rule of 72, the approximate number of years that it would take for this nation's real GDP to double is 23:43 Multiple Choice 10.6 years. O 9.5 years. 7.6 years. O 72.0 years. Ac Graw Hill < Prev 12 of 40 a $ 574 #3 02 % alo5 Q W E R 4 N S D LL Next > MacBook Pro + く * ( 7 ) 8 9 0 27 & <6 T Y U - 0 P G H J K L X C V B N S V

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
2
A nation's average annual real GDP growth rate is 7.6 percent. Based on the rule of 72, the approximate number of years that it would take for this nation's real GDP to double is
23:43
Multiple Choice
10.6 years.
O
9.5 years.
7.6 years.
O
72.0 years.
Ac
Graw
Hill
< Prev
12 of 40
a
$
574
#3
02
%
alo5
Q
W
E
R
4
N
S
D
LL
Next >
MacBook Pro
+
く
*
(
7
)
8
9
0
27
&
<6
T
Y
U
-
0
P
G
H
J
K
L
X
C
V
B
N
S
V
Transcribed Image Text:2 A nation's average annual real GDP growth rate is 7.6 percent. Based on the rule of 72, the approximate number of years that it would take for this nation's real GDP to double is 23:43 Multiple Choice 10.6 years. O 9.5 years. 7.6 years. O 72.0 years. Ac Graw Hill < Prev 12 of 40 a $ 574 #3 02 % alo5 Q W E R 4 N S D LL Next > MacBook Pro + く * ( 7 ) 8 9 0 27 & <6 T Y U - 0 P G H J K L X C V B N S V
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education