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Andrej [43]
3 years ago
7

According to the​ "rule of​ 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp

per capita is​ 5%?
Business
1 answer:
slava [35]3 years ago
8 0

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

70/5% = 14 years

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