The number of years it takes for GDP to double is found by
A)Dividing 72 by the growth rate.
B)Multiplying 72 by per capita GDP.
C)Multiplying 72 by the growth rate.

Question

Quizplus · Accepted Answer

This is known as the Rule of 72 and is a quick way to estimate how long it will take for an economy to double in size based on its annual growth rate. Dividing 72 by the growth rate gives an estimate of the number of years it will take for GDP to double.

The Number of Years It Takes for GDP to Double