At a 3.5 percent annual growth rate it would take 20 years for GDP per capita to double.

Name: At a 3.5 percent annual growth rate it would take 20 years for GDP per capita 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 specific annual growth rate. By dividing 70 by the annual growth rate (3.5%), you get approximately 20 years (70/3.5 ≈ 20).

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