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Irina-Kira [14]
3 years ago
11

An economy grows at an annual rate of 3​%. It will take approximately______years for GDP to double. ​An economy grows at an annu

al rate of 10​%. It will take approximately_______years for GDP to double. ​
Business
1 answer:
Andreyy893 years ago
6 0

Answer:

24 years

7 years

Explanation:

Using the rule of 72, the number of years it would take GDP to double = 72 / annual rate

1. 72 / 3 = 24 years

2. 72 / 10 = 7.2 years

I hope my answer helps you

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