If GDP is currently $13 trillion and is growing at a rate of 2.6% per year,how long will it take GDP to reach $26 trillion?

Name: If GDP is currently $13 trillion and is growing at a rate of 2.6% per year,how long will it take GDP to reach $26 trillion?
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Question

Quizplus · Accepted Answer

Using the rule of 70, we can determine that the approximate number of years it will take for GDP to double is 70/2.6 = 27 years. Therefore, it will take approximately 27 years for GDP to reach $26 trillion.

If GDP Is Currently $13 Trillion and Is Growing at a Rate