According to the "rule of 70," if real GDP grows at 2 percent a year, it would take about ______ years for real GDP to double.

Name: According to the "rule of 70," if real GDP grows at 2 percent a year, it would take about ______ years for real GDP to double.
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Quizplus · Accepted Answer

The "rule of 70" is a way to estimate the number of years it takes for a quantity to double, given a constant annual growth rate. It is calculated by dividing 70 by the annual growth rate. For a 2 percent growth rate, 70 / 2 = 35 years.

According to the "Rule of 70," If Real GDP Grows