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The Rule of 70 Estimates How Long It Will Take

Question 36

Multiple Choice

The rule of 70 estimates how long it will take a country to double its real GDP per capita by:


A) dividing the average growth rate by 70.
B) dividing 70 by the average growth rate.
C) dividing the current real GDP per capita by 70.
D) multiplying the average growth rate by 70 percent.

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