The number of years required for real GDP to double can be found by:multiplying the annual growth rate by 70.dividing the annual growth rate by .07.O adding 14 to annual growth rate.O dividing 70 by the annual growth rate.

Rule of 70: There are different rules that calculate or estimate the time period required to double…

The number of years required for real GDP to double can be found by: O multiplying the annual growth rate by 70. O dividing the annual growth rate by .07. O adding 14 to annual growth rate. O dividing 70 by the annual growth rate.

The number of years required for real GDP to double can be found by: O multiplying the annual growth rate by 70. O dividing the annual growth rate by .07. O adding 14 to annual growth rate. O dividing 70 by the annual growth rate.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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