Question
A nations average annual real GDP growth rate is 5%. Based onthe rule of 72, the approximate number of years that it wouldtake for this
A nation’s average annual real GDP growth rate is 5%. Based onthe "rule of 72," the approximate number of years that it wouldtake for this nation’s real GDP to double is
14.4 years.
12.5 years.
16.2 years.
10 years.
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
