Using the Rule of 70, if the country of Flowerdom's current growth rate of real GDP per person is 7 per cent a year, how long would it take the country's real GDP per person to double?

Question

Quizplus · Accepted Answer

The Rule of 70 states that to find the doubling time of a quantity growing at a constant rate, you divide 70 by the annual growth rate. For Flowerdom, 70 divided by 7 equals 10 years.

Using the Rule of 70, If the Country of Flowerdom's