Answered: QUESTION 16 The rule of 70 indicates…

QUESTION 16 The rule of 70 indicates that a 7% annual increase in the level of real GDP would lead to the output doubling in approximately years 10 12 24 30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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