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

Question

3 years ago

7

per capita is 5%?

1 answer:

slava [35] · Answer 1 · 2022-03-02T19:47:39+03:00

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

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