At a growth rate of 6% an economy will double in size in:

Name: At a growth rate of 6% an economy will double in size in:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To calculate the number of years it takes an economy to double in size, we divide the growth rate (6%) into 70 (a quick approximation of the natural log of 2, which is approximately 69.3). Therefore, it takes approximately 11.6 years to double in size. Rounded to the nearest whole number, the answer is 12 years.

At a Growth Rate of 6% an Economy Will Double