What annual growth rate will result in a country roughly doubling its GDP in ten years?

Name: What annual growth rate will result in a country roughly doubling its GDP in ten years?
Brand: Quizplus
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Question

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 specific annual growth rate. By dividing 70 by the annual growth rate, you get the approximate number of years for doubling. For a 7% growth rate, 70/7 = 10 years, which means the GDP will roughly double in ten years.

What Annual Growth Rate Will Result in a Country Roughly