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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702 Exercise 1
According to the Rule of 72 (Table 15.1), how many years will it take for GDP to double if GDP growth is
( a ) 4 percent?
( b ) 2 percent?
( c ) 1 percent?
( a ) 4 percent?
( b ) 2 percent?
( c ) 1 percent?
Explanation
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Rule of 72 can be used to make estimate ...
Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
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