From 2006 to 2010,per capita real gross domestic product (GDP)in China grew an average of 10.62% per year.At that rate,according to the Rule of 70,in roughly how many years will Chinese per capita real GDP double in size,beginning in 2006?

Question

Quizplus · Accepted Answer

Using the Rule of 70, we can estimate the number of years it takes for a quantity to double by dividing 70 by the annual growth rate as a percentage. In this case, 70/10.62 = 6.6 years. Therefore, Chinese per capita real GDP will double in approximately 6.6 years from 2006. So, the correct answer is D.

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