The rule of 70 implies that poor countries tend to catch up with rich countries over time.

Name: The rule of 70 implies that poor countries tend to catch up with rich countries over time.
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

The rule of 70 is a way to estimate the number of years it will take for an investment or economy to double in size at a constant annual growth rate, and does not directly imply that poor countries will catch up with rich countries over time.

The Rule of 70 Implies That Poor Countries Tend to Catch