The rule of 70 is MOST useful in:
A) identifying the causes of economic growth.
B) identifying the sources of economic growth.
C) estimating the productivity of labour.
D) estimating the doubling time of real GDP for a given growth rate.
Correct Answer:
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Q21: If real GDP doubles in 12 years,
Q24: Real GDP per capita, growing at a
Q34: If real GDP grows at an average
Q35: The rule of 70 states that:
A) the
Q37: If output is growing at 5% annually,
Q39: According to the rule of 70, if
Q41: The Rule of 70 applies:
A) only to
Q42: To find the approximate number of years
Q56: Use the following to answer questions:
Q58: Use the following to answer questions:
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