We can calculate how long a country will take to double its real GDP per capita using:

Question

Quizplus · Accepted Answer

The best way to calculate how long a country will take to double its real GDP per capita is by using its average growth rate. This is because the growth rate reflects the percentage increase in real GDP per capita over a certain period of time, and the time it takes to double the GDP per capita can be calculated using the Rule of 70: dividing 70 by the average growth rate gives an estimate of the number of years it will take for GDP per capita to double.

We Can Calculate How Long a Country Will Take to Double