Answered: Based on the "Rule of 70", a country…

Based on the "Rule of 70", a country that has a constant real per capita GDP growth rate of 2% per year will double its real per capita GDP after how many years?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 3P

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Based on the "Rule of 70", a country that has a constant real per capita GDP growth
rate of 2% per year will double its real per capita GDP after how many years?
10
14
35
50

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