From 1980 to 2014,the average annual growth rate for the Mexican economy has been 0.8 percent.Based on that growth rate and using the rule of 70,the number of years it will take real GDP per capita to double in Mexico is approximately
A) 9 years.
B) 11 years.
C) 56 years.
D) 88 years.
Correct Answer:
Verified
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