Answered: Using the Rule of 70, how many years…

Using the Rule of 70, how many years would it take for a country's GDP to increase from $100 billion to $400 billion if it grows at 10% per year? 21 years 7 years 14 years 28 years

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Using the Rule of 70, how many years would it take for a country's GDP to increase from $100 billion to $400 billion if it grows at 10% per year?

21 years
7 years
14 years
28 years

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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