A nation's average annual real GDP growth rate is 7 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 Multiple Choice 9.7 years. 72.0 years. 7.0 years. 10.3 years.

A nation's average annual real GDP growth rate is 7 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 Multiple Choice 9.7 years. 72.0 years. 7.0 years. 10.3 years.

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter16: Creating An Environment For Growth And Prosperity

Section: Chapter Questions

Problem 10CQ

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Question

A nation's average annual real GDP growth rate is 7 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 Multiple Choice 9.7 years. 72.0 years. 7.0 years. 10.3 years.

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