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.
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 5P
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![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc1251d8-9321-4edd-8d2b-68d67d5fb2f5%2F66145c06-8874-40b5-8f41-a85560860248%2Fcyp90aa_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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