Exhibit 20-1 Refer to Exhibit 20-1.Nation D is expected to double its output in:

Name: Exhibit 20-1 Refer to Exhibit 20-1.Nation D is expected to double its output in:
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Question

Exhibit 20-1  Refer to Exhibit 20-1.Nation D is expected to double its output in:

Quizplus · Accepted Answer

According to the rule of 70, the number of years it takes for a country's GDP to double can be found by dividing 70 by the annual growth rate. In this case, Nation D has an annual growth rate of 7%, so 70/7 = 10. Therefore, Nation D is expected to double its output in 10 years.