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

Question

3 years ago

11

al rate of 10%. It will take approximately_______years for GDP to double.

1 answer:

Andreyy89 · Answer 1 · 2022-03-31T03:45:57+03:00

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

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