According to the rule of 70, a country will double its real GDP per capita in 10 years if it experiences a 7 percent:

Question

Quizplus · Accepted Answer

The rule of 70 states that the approximate number of years it takes for a variable to double is equal to 70 divided by the annual growth rate of that variable. Therefore, if a country experiences a 7 percent real GDP per capita growth rate, it will double its real GDP per capita in approximately 10 years (70/7 = 10).

According to the Rule of 70, a Country Will Double