If it takes 35 years for real GDP to double, real GDP is growing at an annual rate of approximately 2%.

Name: If it takes 35 years for real GDP to double, real GDP is growing at an annual rate of approximately 2%.
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Quizplus · Accepted Answer

This is based on the Rule of 70, which estimates the number of years it takes for a variable to double by dividing 70 by the annual growth rate. In this case, 70 divided by 35 equals 2, indicating a 2% growth rate.

If It Takes 35 Years for Real GDP to Double