From 2006 to 2010,per capita real gross domestic product (GDP)in Egypt grew an average of 4.8% per year.At that rate,according to the Rule of 70,in roughly how many years will the Egyptian economy double in size?

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. It is calculated by dividing 70 by the annual growth rate. For Egypt's GDP growth rate of 4.8%, the calculation is 70 / 4.8 ≈ 14.58, which rounds to approximately 15 years.

From 2006 to 2010,per Capita Real Gross Domestic Product (GDP)in