Which statement about the Rule of 70 is NOT true?
A) It is a valuable tool for understanding the power of compounding growth rates over time.
B) It is fairly accurate for small growth rates.
C) It becomes more accurate over time.
D) It is an easy way to approximate the number of years it takes for an amount to double in value.
Correct Answer:
Verified
Q188: (Table) According to the table, in which
Q189: The Rule of 70 is fairly accurate
Q190: A stable financial system permits reliable information
Q191: Which of these occurrences is NOT a
Q192: Long-run economic growth can be achieved by
Q194: Social media has made markets less efficient
Q195: If a tsunami washes across an island
Q196: Physical capital includes all manufactured products.
Q197: The only recognized benefit of economic growth
Q198: Long-run economic growth is shown by moving
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