According to the rule of 70,a 10% annual increase in real GDP would lead to a doubling of real GDP in 7 years.

Name: According to the rule of 70,a 10% annual increase in real GDP would lead to a doubling of real GDP in 7 years.
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The rule of 70 states that the number of years it takes for a variable to double is approximately 70 divided by the annual growth rate of the variable. Therefore, with a 10% annual increase in real GDP, it would take approximately 7 years for real GDP to double.

According to the Rule of 70,a 10% Annual Increase in Real