If a country's annual growth rate is 2%, then its output will double in approximately ____ years.
A)2
B)10
C)25
D)35

Name: If a country's annual growth rate is 2%, then its output will double in approximately ____ years. A)2 B)10 C)25 D)35
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Question

If a country's annual growth rate is 2%, then its output will double in approximately ____ years.
A)​2
B)​10
C)​25
D)​35

Quizplus · Accepted Answer

The doubling time can be approximated by the Rule of 70, which states that dividing 70 by the annual growth rate gives the doubling time in years. Thus, 70 divided by 2 equals 35 years.

If a Country's Annual Growth Rate Is 2%, Then Its