Calculate the following values with the aid of the rule.of 72. a. If the annual growth rate of real GDP is 0.5% then it will take | years.for a country's real GDP to double. b. If the general price level doubles each 35 years the average annual rate of inflation Is %. Enter your response rounded to 1 decima place. c. If the annual population growth rate is 4% then a country's population will double approximately years. Enter your response rounded to a whole number. (how many) times in 100
Calculate the following values with the aid of the rule.of 72. a. If the annual growth rate of real GDP is 0.5% then it will take | years.for a country's real GDP to double. b. If the general price level doubles each 35 years the average annual rate of inflation Is %. Enter your response rounded to 1 decima place. c. If the annual population growth rate is 4% then a country's population will double approximately years. Enter your response rounded to a whole number. (how many) times in 100
Chapter1: Making Economics Decisions
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![Calculate the following values with the aid of the rule.of 72
a. If the annual growth rate of real GDP is 0.5% then it will take Jyears.for a country's real GDP to double.
b. If the general price level doubles each 35 years the average annual rate of inflation is %. Enter your response rounded to1 decimal
piace.
c. If the annual population growth rate is 4% then a country's population will double approximately how many) times in 100
years. Enter your response rounded to a whole number.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F833e7f67-125a-45aa-bc97-4ff857a42ca5%2F6887c0b3-934f-42fc-8d42-b348e6a901a6%2Fl3ck4jl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate the following values with the aid of the rule.of 72
a. If the annual growth rate of real GDP is 0.5% then it will take Jyears.for a country's real GDP to double.
b. If the general price level doubles each 35 years the average annual rate of inflation is %. Enter your response rounded to1 decimal
piace.
c. If the annual population growth rate is 4% then a country's population will double approximately how many) times in 100
years. Enter your response rounded to a whole number.
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