Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If a country's GDP/capita grows at an average rate of 1.0%, approximately how many years - by the rule of 70 - does it take
If a country's GDP/capita grows at an average rate of 1.0%, approximately how many years - by the rule of 70 - does it take for the size of the standard of living to double?
Group of answer choices
7 years
14 years
35 years
70 years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started