The Rule of 70 states that the level of a variable will double in
A) the number of years equal to the variable's annual growth rate minus 70.
B) the number of years equal to the variable's annual rate of growth divided by 70.
C) 70 years.
D) the number of years equal to 70 multiplied by the variable's annual growth rate expressed as a decimal.
E) the number of years equal to 70 divided by the variable's annual growth rate.
Correct Answer:
Verified
Q12: If real GDP grows at a faster
Q13: Q14: Approximately how long will it take Ethiopia Q15: Q16: Economic growth is a sustained expansion of Q18: A nation's annual growth rate of real Q19: Real GDP in the country of Oz Q20: If real GDP was $13.1 trillion in Q21: The production function shows that, as employment Q22: 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
