In approximately how many years will real GDP per person in Canada double, given its average growth rate during the past century?
A) 25 years
B) 35 years
C) 50 years
D) 80 years

Question

Quizplus · Accepted Answer

Using the Rule of 70, which estimates the doubling time by dividing 70 by the growth rate, if Canada's average growth rate is around 2% per year, it would take approximately 35 years for real GDP per person to double.

In Approximately How Many Years Will Real GDP Per Person