According to the rule of 72, a 12% annual increase in real GDP would lead to a doubling of real GDP in 8 years.

Name: According to the rule of 72, a 12% annual increase in real GDP would lead to a doubling of real GDP in 8 years.
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According to the rule of 72, to find the number of years it takes to double an investment or economic variable, divide 72 by the annual growth rate. Therefore, for a 12% annual increase in real GDP, it would take approximately 6 years to double, not 8.

According to the Rule of 72, a 12% Annual Increase