Which statement about the Rule of 70 is true?
A) It is fairly accurate for small growth rates.
B) It becomes more accurate over time.
C) It provides an exact estimate of compounded values over time.
D) It states that the number of years required for a value to double in size is 70 times the growth rate.
Correct Answer:
Verified
Q16: The concept of diminishing returns to capital
Q17: Which factor of production enhances the productive
Q18: Which effect best explains why Ethiopia (a
Q19: Use the production function: output = A
Q20: Which of the following is NOT considered
Q22: The World Bank defines extreme poverty as
Q23: Which of the following statements is NOT
Q24: If a country's population increases at a
Q26: If the actual growth rate of U.S.
Q43: If an economy's GDP will double in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents